Report Digs Into the Unique Needs of the Miami Housing Market
Miami doesn’t get as much attention as cities like New York City and San Francisco for the cost of housing, but 61 percent of renters in the city are cost-burdened, and 71 percent of the city's residents are residents.
The recently released Connect Capital Miami report, written by Miami Homes for All and the city of Miami, which targets 50,000 housing units to meet existing demand in the city and 12,000 new affordable units by 2024.
Katie Pyzyk shares news of the new report, noting that the city is the third least affordable city in the country, after getting hit hard by the Great Recession and due to the effects of a unique housing market that includes a lot of foreign investment.
"The number of investment properties sitting vacant is a problem in Miami because it drastically cuts into the available housing supply. The report states that as of 2017, nearly 32,000 homes in Miami-Dade County were owned but not occupied," according to Pyzyk.
Published on Wednesday, May 8, 2019 in
Topics
- $14 Billion Deal for Texas High-Speed Rail Construction
- Envisioning the 'Soft City'
- Stop Giving Away Valuable Public Assets! A Fiduciary Obligation for Road and Parking Pricing
- Inclusionary Zoning Vetoed in San Diego
- First-Time Home Buyers Look Different Than They Once Did
- Las Vegas Faces a Challenging and Uncertain Environmental Future
- Frequencies Restored on L.A.'s Expo Line After Rider Backlash
- Digital Transportation: The Future of Urban Mobility
- 2021 Opening Expected for San Francisco's Central Subway
- Watch What Happens When Parking Disappears From an Amsterdam Street
- Infrastructure vs. Housing
- Planning a New Subway to San Francisco's 'Sleepy' West Side
- Austin Lowers Speed Limits to Increase Traffic Safety
- Riverfront Revitalization Takes Shape in Covington
- Angie Schmitt Moves on From Streetsblog USA
- Amazon Moving in at Former Pontiac Silverdome Site
- Food Deserts Need the Right Kinds of Supermarkets
- Did the Outlook for Electric Vehicle Sales in U.S. Just Nosedive?
- New York Resilience Plan to Get Second Opinion
- A First-Even Feral Cat Count in Toronto
