Miami’s real estate market squeezing out local renters

Global Business

During the pandemic, South Florida became an idyllic escape for many Americans.

New Yorkers moved down. Wealthy South Americans purchased second homes in the Sunshine State.

Now the real estate market is squeezing the locals, especially renters — where new research shows it’s set to become the most unaffordable place for them to live in the entire country.

CGTN’s Nitza Soledad Perez reports.