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State of the market: South Florida home prices soar as inventory dwindles

March 10, 2022 by Housing Leadership Council

By Amber Randall | South Florida Sun Sentinel

South Florida home prices are soaring, and the number of available homes is shrinking, as buyers continue to struggle to find homes in today’s market.

Sellers have the advantage in the market, and buyers are desperate to land a home in an environment where properties are being bought up in a matter of days, as home prices shoot up by 20% in some areas when compared to last year.

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Filed Under: Affordable Housing, News

Why doesn’t Florida have enough affordable housing? The legislature may be partly to blame

March 10, 2022 by Housing Leadership Council

Photo By: Nick Evans, WFSU News

This battle comes as the state’s real estate market continues to price out homeowners and renters alike.

A deal struck last year between the legislature and the state’s main affordable housing arm appears to be in jeopardy as the House and Senate prepare to reconcile their rival spending plans.

For decades the Florida legislature has swept money out of a trust fund designated for affordable housing. Those sweeps amount to… READ ARTICLE

Filed Under: News Tagged With: affordable housing, home prices

Tiny but terrific: What are micro-apartments? And do you want to live in one?

March 10, 2022 by Housing Leadership Council

By: Alexandra Clough | Palm Beach Post

Current, in downtown West Palm Beach, which was about to open as a micro-apartment building, has been sold to a group that plans to turn it into an extended stay hotel, Tuesday, February 8, 2022. Photo by Lannis Waters | The Palm Beach Post

Very small apartments known as micro-apartments could be an answer to downtown housing woes.

How small is a micro-apartment compared to a studio apartment?

These apartments are about half to two-thirds the size of standard apartments. In West Palm Beach, they could be as small as 340 square feet for a studio…

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Filed Under: News

Shared-Equity Homeownership Offers an Alternative Path to Wealth Building for Renters with Low Incomes

January 28, 2022 by Housing Leadership Council

By: Arthur Acolin, Alex Ramiller, Rebecca J. Walter, Samantha Thompson, and Ruoniu Wang | Housing Matters

Homeownership is a key tool for wealth building, particularly for households with low and moderate incomes, for whom homeownership is often their primary means of asset building. Yet barriers to entry, including down payments and other borrowing constraints, prevent many households from accessing and equitably benefiting from homeownership.

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Filed Under: News

After a year of record growth, home prices will continue to rise in 2022, but possibly more slowly

December 6, 2021 by Housing Leadership Council

By Amber Randall |South Florida Sun Sentinel

According to a newly released forecast from realtor.com on how the housing market will fare in 2022, home prices are expected to rise almost 6% in South Florida over the next year. This comes after a year and a half of already record growth.

There is some good news in the forecast for South Florida home buyers, as it may indicate that the housing market is returning to a more healthy growth rate, after over a year of frenzied demand.

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Filed Under: Affordable Housing, News, Unaffordable

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