Home sales in the Miami metropolitan area surged 16% during the first six months of this year. Not only does the figure represent the highest jump since 2007, two-third of the transactions were paid in cash.
And to think, the region was considered the glaring symbol of excess rife with defaults and foreclosures at the height of the housing crisis in 2008.
David Streifeld reports, "Only a few years after it seemed there were so many unwanted high-rise condominiums that the only solution was to tear some of them down, there are plans to build even more."
"Many of the sales are to investors, rich people or foreign citizens benefiting from a weak dollar. [...] For the traditional buyer who wants to put down no more than 20 percent, loans are somewhere between tough and impossible," he adds.
FULL STORY: Affluent Buyers Reviving Market for Miami Homes
1,000-Plus Mixed-Income Units Planned in Miami
A planned development made possible by a ground lease with the county could add over a thousands mixed income units to the housing market in Miami.
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.
Miami Sues Banks Over Housing Collapse
Miami’s city government hopes to get some financial compensation from banks for the hardship the city endured during the foreclosure crisis.
How Would Project 2025 Affect America’s Transportation System?
Long story short, it would — and not in a good way.
California Law Ends Road Widening Mandates
Housing developers will no longer be required to dedicate land to roadway widening, which could significantly reduce the cost of construction and support more housing units.
But... Europe
European cities and nations tend to have less violent crime than the United States. Is government social welfare spending the magic bullet that explains this difference?
Western Conservationists, Tribes File Legal Motion to Defend Public Lands Rule
Some states and industry groups have sued to stop the Bureau of Land Management from enforcing the new rule, which promotes the conservation and restoration of public lands and shifts focus away from extractive uses.
Intense October Heat Wave Raises Fire Risk in California
Unusually high temperatures across the state are prompting power shutoffs and could fuel more destructive wildfires.
‘Climate Havens’ Not Safe From Hurricane Helene’s Destruction
Parts of North Carolina previously considered immune to the impact of hurricanes experienced historic flooding in the aftermath of the storm.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Placer County
Mayors' Institute on City Design
City of Sunnyvale
Mpact (formerly Rail~Volution)
Cornell University's College of Architecture, Art, and Planning (AAP), the Department of City and Regional Planning (CRP)
Knoxville-Knox County Planning
Lehigh Valley Planning Commission
City of Portland, ME
Baton Rouge Area Foundation