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Pedro Portal/Miami HeraldThe data shows Miami at the bottom of the list when examining the share of available homes that are affordable to a typical household earning the median income. By contrast, Pittsburgh was cited as the metro area where affordable homes are the easiest to find. -
Rebecca Blackwell/APA quarter of single family homes and half of condos are sold for cash in South Florida, yet the regional housing market remains sensitive to changes in mortgage rates. The Federal Reserve is expected to cut its target short-term rate later this week, which may bring down borrowing costs for home buyers.
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Miami now ranks as the sixth-most expensive city in the U.S. for renters. The overall median rent across all property types in the metro area stands at $3,000. -
The private passenger train service changed its schedule in October to add more trains and cars for commuters between its South Florida stations. More riders showed up as average fares fell. -
Cheaper borrowed money to buy a South Florida home and condo helped bring buyers into the market in October. The median Miami-Dade condo sold for the lowest price in more than two years. -
Despite risks, more locals are turning to grocery store dumpsters for food amid inflation and limited incomes. -
The Miami City Commission deferred a resolution to sell a parcel of land in the middle of Biscayne Bay to developers to build luxury condos and offices. -
South Florida, specifically the Miami-Fort Lauderdale-West Palm Beach metro area, is the 14th most expensive large metro in the country.
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tate regulators Thursday approved a rate settlement that will lead to Florida Power & Light customers paying billions of additional dollars in the coming years, though opponents said they expect to fight the plan at the Florida Supreme Court. -
The Donald J. Trump Presidential Library Foundation, led by Trump’s son Eric, gave that figure in a proposed budget filed with charity regulators in Florida. It was the first time that the foundation disclosed any public estimate of what it planned to raise or spend. -
The poll results come amid increasing calls from state legislators to completely undo the HOA system. -
Miami-Dade County Commissioner Raquel Regalado is hosting a roundtable discussion Monday in Homestead with a group of city leaders to find ways to address the county's homelessness issue.
