Reported 1 day ago
A major bank has identified Miami as the world's most at-risk housing market, with its Global Real Estate Bubble Index scoring it 1.73, significantly above the high-risk threshold. This follows a housing boom during the pandemic, where prices surged to dangerous levels, surpassing even the 2006 bubble metrics. The city's affordability has sharply declined, and while inventory is rising, new regulatory pressures and increasing costs are pushing homeowners to sell. Despite these risks, the bank does not anticipate a collapse akin to the 2008 crisis.
Source: YAHOO