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.
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Some experts say the metric used to define the housing cost burden is outdated and no longer reflects the reality of household needs.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.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
5 New England states march closer to 800 megawatt wind energy project
Securing federal approval for the project may be complicated under the Trump administration, which has historically been hostile towards domestic wind power.
Baltimore to break ground on $50 million Transit Priority Project
The project will bring faster bus trips, safer streets and better bike connections to Baltimore.
Airbnb launches $250 million 'last-dollar financing' housing accelerator, makes first investment in Austin
The company will put $6.4 million towards affordable housing development in Texas’ capital.
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.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association