Caroline Wells and her family at their new home outside San Antonio. The builders just finished it so the yard has yet to be planted, but the couple are looking forward to letting the kids run out their energy with a lot more outdoor space than they had at their home in the city.
The expanded federal unemployment benefits are gone with no extension from Congress in sight. Eviction moratoriums are expiring even as large numbers of people continue to lose jobs. And so this sudden, deep recession is forcing many people to upend their lives.
A sale sign is seen in front of a home in Miami. FHA loans are used by many minority, lower-income, and first-time homebuyers because the low down payments make homeownership more affordable. But this demographic is more likely to be hurt financially during the pandemic, and many FHA borrowers are skipping mortgage payments.
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