The dream of homeownership is becoming increasingly elusive for typical households in Miami, according to a new study by Bankrate.
The analysis of real estate and income data across 34 of the largest U.S. metros found that Miami is the metro where affordable homes are the most difficult to find.
The Bankrate study, published Monday, reveals a critical housing shortage within reach of median-earning families, stating that “fewer than 1 in 200 homes on the market are within reach for a typical household” in both Miami and Los Angeles…