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South Florida Experts Discuss Region’s Affordable Housing Problem | WLRN
By Maria Esquinca • Feb 26, 2020 South Florida experts on Tuesday discussed the region’s affordable housing problem during a conference held by the Urban Land Institute. The panel was one of many during the three-day Housing Opportunity 2020 conference in Miami. Low wages coupled with the high cost of living, lead to unaffordable housing.…
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Companies need affordable workers, but workers need affordable rent
Source: South Florida Business Journal Without housing options it can afford, South Florida’s workforce has no room to grow. Read more…
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Buying more affordable than renting by astounding amount
Source: Palm Beach Post South Florida rents have increased so much since the housing bust that tenants can now expect to pay 44.5 percent of their monthly income on rent, according to a report released today by the Seattle-based research firm Zillow. Read more…
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South Florida apartment rents increasing faster than most of U.S.
Source: The Real Deal Apartment rents are increasing in South Florida at a quicker pace than most of the country’s biggest metro areas. Read more…
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South Florida home price gains second highest in nation
Source: Palm Beach Post Home prices in South Florida were up 11 percent in July compared to the same time in 2013, the second highest gain in the nation, according to the S&P/Case-Shiller Home Price Index. Read more…
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62 percent of South Florida homes unaffordable
Source: Palm Beach Post South Florida homebuyers are having a tougher time finding homes to fit their budget, according to a new study that determined 62 percent of homes in the region are unaffordable to people earning the area median income. Read more…
