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.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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.
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Mpact (founded as Rail~Volution)
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