“Miami is a great example in that, as more people are moving there and investors are taking up available properties, housing is going to become less affordable unless the market corrects itself or income growth catches up,” said Shane Lee, data scientist at RealtyHop.
February 22, 2022 at 02:22 PM
4 minute read
Florida Bureau Chief
As Miami has surpassed New York City to become the least affordable housing market in the country, real estate brokers might have a hard time facilitating deals.
That’s due to a smaller supply of inventory, which will result in them finding less homes that match their clients’ criteria, according to RealtyHop data scientist Shane Lee.
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