A new $185 million mixed-use development, Rainbow Village, is set to launch in Miami's Overtown neighborhood, aiming to provide 310 affordable apartments for individuals and families earning between 30% and 80% of the area’s median income. This project will nearly triple the existing affordable housing units and offer rents starting at $793. Amenities will include a pool, business center, daycare,...
Florida Housing Crisis
The rising cost of home insurance in Florida has led some families to leave the state and others to choose not to insure their homes due to high premiums. This trend is particularly noticeable among retirees. The high insurance costs are also affecting the real estate market, making it difficult for realtors to sell houses and causing some homeowners to no longer qualify for mortgages. As a result, some...
Seven Florida cities show signs of impending housing crisis due to high mortgage rates and vacancy. ....