320-Unit Affordable Miami Housing Project Tops Out

A $115 million affordable housing project, Naranja Grand Community, is under development in metro Miami by Housing Trust Group and Elite Equity Development. The project comprises a 120-unit senior community and a 200-unit affordable housing building. Completion of the first phase is expected next spring, and the second phase by Q3 2025. The project is funded by ten sources, offering reduced rent based...

Miami’s Home Prices Are Plunging

Home prices in Miami dropped over 11% last month due to decreased interest in single-family homes and increased availability of condos. Condos made up two-thirds of homes for sale, contributing to the overall price decrease. Condo prices fell by nearly 13% compared to a year ago, while single-family home prices dropped by 4.5%. The median home price in Miami is now $439,000. The Florida housing market...

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