South Florida residents are spending as much as 79 percent of their income on housing.
According to May’s RealtyHop Affordability Index, housing in Miami is the least affordable in the country, reports Carolina Villagra for WSVN News. “Residents that are likely able to afford the cost of housing in Miami are high-earning New York City residents, said the report.”
“According to the report, the median listing price for homes in Miami is $585,000; It also stated that homeowners can expect to spend 79.92% of their monthly income on housing expenses.” Nearby Hialeah, another Miami-Dade County city, ranked as fifth least affordable, with housing costing more than 65 percent of the average household income.
A recent study from Florida Atlantic University linked short-term rentals to housing affordability as the industry grows in South Florida.
Read the full story: RealtyHop ranks Miami No. 1 in least affordable housing market in US
NYC Mayor Mamdani Backs Down on Expanded Rental Assistance Program, Citing $7 Billion Deficit
The new mayor had promised to expand the CityFHEPS rent assistance program to an additional 47,000 households.
Homeownership Increasingly Out of Reach
From the United States to the United Kingdom, housing costs are eating up a larger percentage of household income.
Affordable Housing, Defined
Some experts say the metric used to define the housing cost burden is outdated and no longer reflects the reality of household needs.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
40 years after approval, Chicago breaks ground on new park
The park honors Jean Baptiste Point du Sable, the city’s first permanent non-native settler.
‘Hoodwinked:’ New Mexico bill aimed at microgrids paves way for data center development
In an interview with High Country News, Padilla said the legislation “ignited” New Mexico's economy.
California’s ‘unrecognizable’ water plan may go down the drain
After four years of regulatory processes, water agencies say the plan to overhaul how cities and farms take water from the Sacramento-San Joaquin Delta has changed dramatically.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority