Miami is now more expensive than NYC
From housing to restaurants, costs have skyrocketed as wealthier transplants moved into the area.
Morning Brew provides the essential context and latest updates you need to stay informed on the world of real estate markets & ownership.
From housing to restaurants, costs have skyrocketed as wealthier transplants moved into the area.
According to the National Association of Realtors (NAR), 7% of homebuyers aged 61 to 70 said the main reason they bought their new home was that they wanted more space, up from 4% in 2016.
The median US home is a record 44 years old, according to the Harvard Joint Center for Housing Studies.
Longtime homeowners and those hoping to join their ranks are both feeling the bite.
There’s no bigger boom than in the San Francisco Bay Area, ground zero for the AI race.
Despite high expectations, the housing market was stagnant in April
Growth slowed—or reversed—throughout the US.
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