Parkview at Hillcrest. Photo: Google
Miami grabbed the runner-up spot on a national ranking of the most expensive cities for home buyers, right behind Los Angeles.
Miami beat New York and San Francisco to claim a leading spot on home listing website RealtyHop's monthly Housing Affordability Index.
The average Miami household would need to spend 86% of its total annual income, or $2,439 a month, on mortgage and property taxes to buy into the market.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
