Already one of the nation’s hottest real estate markets before the Covid-19 pandemic, the region became unaffordable for many middle-income households in the last few years.
For the first time since 1970 or earlier, Miami-Dade County lost population over a multi-year period between 2019 and 2022, according to an article by Konrad Putzier and Deborah Acosta in The Wall Street Journal.
“The population loss in the state’s largest county stands in contrast to the rest of Florida, which added more people between 2021 and 2022 than any other state.” But the Miami region also experienced a sharp rise in home prices and rental housing costs in roughly the same period, with 61 percent of area renters facing a ‘cost burden.’
“Despite the job and economic boom, Miami-Dade has experienced a bigger loss as a share of total population than the city of Baltimore and Wayne County, Mich., which includes Detroit, over the two-year period,” the authors add. While the region is adding white-collar jobs, hourly wages remain well below those in other major cities.
FULL STORY: Miami Sees Its First Population Drop in Decades
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Report: Zoning Reforms Should Complement Nashville’s Ambitious Transit Plan
Without reform, restrictive zoning codes will limit the impact of the city’s planned transit expansion and could exclude some of the residents who depend on transit the most.
Judge Orders Release of Frozen IRA, IIJA Funding
The decision is a victory for environmental groups who charged that freezing funds for critical infrastructure and disaster response programs caused “real and irreparable harm” to communities.
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