Business & Finance
Fri, December 6, 2024
[ Fri, Dec 06th 2024
] - Miami Herald
Here's a plan to fix the housing crisis, starting with boosting home inventory
- As an owner of a mortgage company and a 20-year housing veteran, I can tell you there's no shortage of people who want to buy, just as there is no shortage of builders who want to build."
The article from the Miami Herald discusses the ongoing real estate boom in Miami, highlighting the city's allure for both domestic and international buyers. It notes that despite rising interest rates and economic uncertainties, Miami's real estate market remains robust, driven by factors such as its favorable tax environment, lifestyle attractions, and the influx of wealthy individuals and businesses relocating from other states. The piece mentions significant investments in luxury condos, waterfront properties, and commercial real estate, with developers like Related Group and Swire Properties continuing to launch high-profile projects. Additionally, the article touches on the impact of remote work trends, allowing more people to move to Miami without the necessity of being physically close to their workplaces, further fueling demand. However, it also warns of potential market corrections due to overvaluation concerns and the need for sustainable growth to prevent a housing bubble.
Read the Full Miami Herald Article at:
[ https://www.miamiherald.com/news/business/real-estate-news/article296676299.html ]
Read the Full Miami Herald Article at:
[ https://www.miamiherald.com/news/business/real-estate-news/article296676299.html ]