Major bank flags southern US city as the world’s biggest real estate bubble risk, as metrics top 2006 housing levels

“While price growth is expected to turn negative in the coming quarters, a sharp correction appears unlikely at this stage,” the report said, noting that Miami’s coastal appeal and favorable tax environment continue to lure newcomers from around the country (Florida does not impose a state income tax).The study noted that Miami’s housing inventory has climbed back to near pre-pandemic levels, while regulatory changes are forcing many condo associations to finally tackle decades of deferred maintenance, sadd ...