From JustTheNews.com…
Miami has become the least-affordable housing market in the U.S., according to one real estate broker company, surpassing both New York and Los Angeles to take the top spot in the midst of an historically expensive spike in housing prices in this country.
Miami “has now moved up to be the least affordable housing market in the nation,” RealtyHop said in its February 2022 Housing Affordability Index.
“Households would need to contribute 78.71% of their income towards homeownership costs, which is up 1.55% from last month,” the group said.
