Miami Named The United State's 4th Most Valuable Housing Market By Zillow Report At $864.2 Billion
Miami is fast on the rise and a new Zillow report has named the city the 4th most valuable housing market in the United States with a value of $864.2 billion, up 4.7% year-over-year from 2016. Miami trails Los Angeles which has a market value of $2.7 trillion and New York City which has a market value of $2.6 trillion.
Miami is fast on the rise and a new Zillow report has named the city the 4th most valuable housing market in the United States with a value of $864.2 billion, up 4.7% year-over-year from 2016. Miami trails Los Angeles which has a market value of $2.7 trillion, New York City which has a market value of $2.6 trillion, and Washington D.C., which has a market value of $996.7 billion. The fastest growing city in 2017 was Columbus, Ohio which rose 15.1% year-over-year to $152.3 billion. The total value of all U.S. homes in 2017 was $31.8 trillion, up 6.5% year-over-year with a total growth of $1.95 trillion. The 10 most valuable metroplitan areas total $11.3 trillion combined, which equates to 36% of the total value of U.S. housing. U.S. renters spent $485.6 billion in 2017, up $4.9 billion year-over-year, with New York City and Los Angeles also reporting the largest rental markets.
Mast Capital and BH Group have announced Raffles Residences Coconut Grove, the brand’s first standalone residential development, with 35 homes from $4.5 million and architecture by Brandon Haw.