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Coral Gables special election on voting dates divides city

The city could align local voting with federal and state elections.

Election

A proposal to move city elections from April to November has divided <a class="gtmContentClick" data-vars-link-text="Coral Gables" data-vars-click-url="https://www.axios.com/local/miami/2026/03/11/coral-gables-city-hall-full-restoration" data-vars-content-id="274cf6db-9926-4fbf-9772-360ff7a6f876" data-vars-headline="Coral Gables special election on voting dates divides city" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/miami/2026/03/11/coral-gables-city-hall-full-restoration" target="_self">Coral Gables</a>&#x27; elected officials and residents.Why it matters: If approved, the ballot measure would change the city&#x27;s charter to align local voting with federal and state elections — a move supporters say would boost turnout, while opponents argue it would cause local issues to be overshadowed.

South Florida skywatchers may be able to see NASA's Artemis II blast off to the moon

Here's how to catch the moonshot from Miami-Dade and Broward counties.

Aerospace

It&#x27;s almost time for NASA&#x27;s moon flight to lift off — and here in South Florida, you may be able to see it from your backyard.Why it matters: <a class="gtmContentClick" data-vars-link-text="Artemis II" data-vars-click-url="https://www.axios.com/local/chicago/2026/03/31/artemis-ii-is-ready-for-takeoff-weather-permitting" data-vars-content-id="15711561-9c38-4cea-ba05-1adb31e4d0a8" data-vars-headline="South Florida skywatchers may be able to see NASA&#x27;s Artemis II blast off to the moon" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/chicago/2026/03/31/artemis-ii-is-ready-for-takeoff-weather-permitting" target="_self">Artemis II</a>, set to carry four astronauts around the moon on a 10-day mission, marks the first time humans will travel around the Moon since Apollo 17 in 1972.

Trump reveals first look at his downtown Miami presidential library

Trump's presidential library design features statues, planes and golden escalators.

News

President Trump&#x27;s foundation released the first images of his planned downtown Miami presidential library this week, depicting a skyscraper that includes a presidential plane and multiple golden statues of Trump.Why it matters: The renderings offer a look at a <a class="gtmContentClick" data-vars-link-text="project" data-vars-click-url="https://www.axios.com/2025/10/15/trump-presidential-library-lawsuit-judge-miami" data-vars-content-id="f47ed0d7-3189-46ed-8b19-6b0db752d5ee" data-vars-headline="Trump reveals first look at his downtown Miami presidential library" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/10/15/trump-presidential-library-lawsuit-judge-miami" target="_self">project</a> that would be Florida&#x27;s first presidential library and a dramatic addition to Miami&#x27;s skyline.

South Florida "flying car" manufacturer debuts latest concept

A South Florida EVTOL manufacturer debuted its latest concept last week.

Doroni Aerospace, the Dania Beach company developing a line of luxury personal <a class="gtmContentClick" data-vars-link-text="EVTOL" data-vars-click-url="https://www.axios.com/local/miami/2026/03/19/air-taxi-florida-evtol-miami" data-vars-content-id="2eba763b-bfc7-4531-9b88-7cfb097a2338" data-vars-headline="South Florida &quot;flying car&quot; manufacturer debuts latest concept" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/miami/2026/03/19/air-taxi-florida-evtol-miami" target="_self">EVTOL</a> aircrafts, debuted its newest concept last week at an event attended by local elected officials and an advisor to Gov. DeSantis.

Citizens shed 180,000 insurance policies in Southeast Florida last year

That's a 56% decrease in Miami-Dade and surrounding counties.

Citizens Property Insurance Corp. shed about 180,000 policies in Southeast Florida last year, according to data released last month.Why it matters: It is no longer the state&#x27;s largest insurer, with a market share of less than 10%, according to the <a class="gtmContentClick" data-vars-link-text="Florida Office of Insurance Regulation" data-vars-click-url="https://floir.gov/docs-sf/default-source/property-and-casualty/stability-unit-reports/january-2026-isu-report-final.pdf" data-vars-content-id="eb42a854-fb62-420a-9009-8b1c24769188" data-vars-headline="Citizens shed 180,000 insurance policies in Southeast Florida last year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://floir.gov/docs-sf/default-source/property-and-casualty/stability-unit-reports/january-2026-isu-report-final.pdf" target="_blank">Florida Office of Insurance Regulation</a>.

Miami "supertall" developer plans another downtown skyscraper

The city's downtown skyline is getting supersized.

Real Estate

Miami&#x27;s <a class="gtmContentClick" data-vars-link-text="downtown skyline" data-vars-click-url="https://www.axios.com/local/miami/2024/03/07/real-estate-luxury-high-rises-pagani-residences" data-vars-content-id="7763b715-70a3-48cf-b3a8-51e19c1abd83" data-vars-headline="Miami &quot;supertall&quot; developer plans another downtown skyscraper" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/miami/2024/03/07/real-estate-luxury-high-rises-pagani-residences" target="_self">downtown skyline</a> is getting supersized.The big picture: With the <a class="gtmContentClick" data-vars-link-text="Waldorf Astoria Residences Miami" data-vars-click-url="https://propertymg.com/portfolio/waldorf-astoria-residences-miami" data-vars-content-id="7763b715-70a3-48cf-b3a8-51e19c1abd83" data-vars-headline="Miami &quot;supertall&quot; developer plans another downtown skyscraper" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://propertymg.com/portfolio/waldorf-astoria-residences-miami" target="_blank">Waldorf Astoria Residences Miami</a> slated to become the city&#x27;s tallest building when it opens in 2028, developer Property Markets Group (PMG) announced Thursday that another &quot;supertall&quot; is on its way.

Metro Miami homeowners are staying put the longest since 2000

Homeowner tenure has increased steadily in almost every major metro area over the past two decades, according to data.

Metro Miami homeowners are staying in their houses for the longest time in at least 25 years, largely thanks to their low <a class="gtmContentClick" data-vars-link-text="mortgage rates" data-vars-click-url="https://www.axios.com/2026/01/14/us-housing-market-mortgage-rates" data-vars-content-id="39889436-6071-4bae-9049-2be047d5351a" data-vars-headline="Metro Miami homeowners are staying put the longest since 2000" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/14/us-housing-market-mortgage-rates" target="_self">mortgage rates</a>, according to a <a class="gtmContentClick" data-vars-link-text="report" data-vars-click-url="https://www.attomdata.com/news/market-trends/home-sales-prices/2025-year-end-home-sales-report/" data-vars-content-id="39889436-6071-4bae-9049-2be047d5351a" data-vars-headline="Metro Miami homeowners are staying put the longest since 2000" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.attomdata.com/news/market-trends/home-sales-prices/2025-year-end-home-sales-report/" target="_blank">report</a> from ATTOM, an industry data provider.Why it matters: That — along with still-high home prices and tight inventory — is keeping the <a class="gtmContentClick" data-vars-link-text="housing market" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="39889436-6071-4bae-9049-2be047d5351a" data-vars-headline="Metro Miami homeowners are staying put the longest since 2000" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">housing market</a> on ice nationwide.

Renting is cheaper than owning in South Florida

In the Miami metro area, it costs about 28% more to own a home than to rent, according to the LendingTree data.

Renting is cheaper than <a class="gtmContentClick" data-vars-link-text="owning a home" data-vars-click-url="https://www.axios.com/2026/01/19/affordable-homes-metro-income" data-vars-content-id="9f372697-0510-4b18-9ed1-3943b643ec24" data-vars-headline="Renting is cheaper than owning in South Florida" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/19/affordable-homes-metro-income" target="_self">owning a home</a> in all 100 of the largest U.S. metro areas — including Miami — according to a LendingTree <a class="gtmContentClick" data-vars-link-text="analysis" data-vars-click-url="https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-home-in-nations-largest-metros/" data-vars-content-id="9f372697-0510-4b18-9ed1-3943b643ec24" data-vars-headline="Renting is cheaper than owning in South Florida" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-home-in-nations-largest-metros/" target="_blank">analysis</a>.Why it matters: Housing costs have soared nationwide, with stubbornly high home prices and mortgage rates weighing on <a class="gtmContentClick" data-vars-link-text="would-be buyers" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="9f372697-0510-4b18-9ed1-3943b643ec24" data-vars-headline="Renting is cheaper than owning in South Florida" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">would-be buyers</a>.<ul><li>Homeowners with a mortgage now pay around 37% more per month than <a class="gtmContentClick" data-vars-link-text="renters" data-vars-click-url="https://www.axios.com/2025/08/06/apartment-rent-prices" data-vars-content-id="9f372697-0510-4b18-9ed1-3943b643ec24" data-vars-headline="Renting is cheaper than owning in South Florida" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/08/06/apartment-rent-prices" target="_self">renters</a>, researchers found.</li></ul>

What's going up: A new hospital, affordable housing, another luxury development

Another development is coming for Coconut Grove.

Here&#x27;s the latest in development news from across the city.

Caribbean Isles to add affordable senior housing to South Miami

Caribbean Isles is near the county's Bus Rapid Transit Corridor on U.S. 1.

Development

A new affordable senior housing project is coming to South Miami.Why it matters: The project, Caribbean Isles, is for adults 62 and older and reserved for households earning up to 60% of the area median income.

Google co-founder buys 2 Miami homes for $173M amid wealth tax fears

An influential billionaire can leave their mark on a city, as Miami has seen.

Google co-founder Larry Page recently paid <a class="gtmContentClick" data-vars-link-text="$173.4 million" data-vars-click-url="https://www.wsj.com/real-estate/luxury-homes/google-co-founder-larry-page-spends-173-4-million-on-two-miami-homes-3553e880?st=sjrHcr&amp;reflink=desktopwebshare_permalink" data-vars-content-id="6a9c0ce2-0e5b-4db6-ba43-e0cbd0b9b5d6" data-vars-headline="Google co-founder buys 2 Miami homes for $173M amid wealth tax fears" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.wsj.com/real-estate/luxury-homes/google-co-founder-larry-page-spends-173-4-million-on-two-miami-homes-3553e880?st=sjrHcr&amp;reflink=desktopwebshare_permalink" target="_blank">$173.4 million</a> for two Coconut Grove estates as he and other <a class="gtmContentClick" data-vars-link-text="California billionaires" data-vars-click-url="https://www.nytimes.com/2025/12/26/technology/california-wealth-tax-page-thiel.html" data-vars-content-id="6a9c0ce2-0e5b-4db6-ba43-e0cbd0b9b5d6" data-vars-headline="Google co-founder buys 2 Miami homes for $173M amid wealth tax fears" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.nytimes.com/2025/12/26/technology/california-wealth-tax-page-thiel.html" target="_blank">California billionaires</a> consider leaving the Golden State over a proposed wealth tax there, according to <a class="gtmContentClick" data-vars-link-text="multiple reports" data-vars-click-url="https://therealdeal.com/miami/2026/01/07/googles-larry-page-sergey-brin-buying-miami-homes/" data-vars-content-id="6a9c0ce2-0e5b-4db6-ba43-e0cbd0b9b5d6" data-vars-headline="Google co-founder buys 2 Miami homes for $173M amid wealth tax fears" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://therealdeal.com/miami/2026/01/07/googles-larry-page-sergey-brin-buying-miami-homes/" target="_blank">multiple reports</a>.The big picture: An influential billionaire can leave their mark on a city, as Miami has seen with Citadel CEO <a class="gtmContentClick" data-vars-link-text="Ken Griffin" data-vars-click-url="https://www.axios.com/local/miami/2023/07/03/richest-person-florida-miami-ken-griffin-citadel" data-vars-content-id="6a9c0ce2-0e5b-4db6-ba43-e0cbd0b9b5d6" data-vars-headline="Google co-founder buys 2 Miami homes for $173M amid wealth tax fears" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/miami/2023/07/03/richest-person-florida-miami-ken-griffin-citadel" target="_self">Ken Griffin</a>.<ul><li>Since Griffin bought a home in the Grove and relocated his company to Miami in 2022, he has <a class="gtmContentClick" data-vars-link-text="donated $100 million" data-vars-click-url="https://time.com/collections/time100-philanthropy-2025/7286078/ken-griffin/" data-vars-content-id="6a9c0ce2-0e5b-4db6-ba43-e0cbd0b9b5d6" data-vars-headline="Google co-founder buys 2 Miami homes for $173M amid wealth tax fears" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://time.com/collections/time100-philanthropy-2025/7286078/ken-griffin/" target="_blank">donated $100 million</a> to local hospitals and <a class="gtmContentClick" data-vars-link-text="committed $50 million" data-vars-click-url="https://www.miamiherald.com/news/local/education/article312246625.html" data-vars-content-id="6a9c0ce2-0e5b-4db6-ba43-e0cbd0b9b5d6" data-vars-headline="Google co-founder buys 2 Miami homes for $173M amid wealth tax fears" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.miamiherald.com/news/local/education/article312246625.html" target="_blank">committed $50 million</a> to help bring the charter school Success Academy to Miami-Dade County.</li></ul>

Most Miami metro homes lost value in the past year

It's a homebuyer's market right now, if you can afford it.

Over half of U.S. homes — and about 76% of homes in the Miami metro area — lost value in the past year, according to Zillow.Why it matters: The national figure, 53%, is the highest since 2012, but the vast majority of <a class="gtmContentClick" data-vars-link-text="homeowners" data-vars-click-url="https://www.axios.com/2025/11/04/homebuyer-age-first-time" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/11/04/homebuyer-age-first-time" target="_self">homeowners</a> still &quot;have plenty to feel good about,&quot; the real estate site <a class="gtmContentClick" data-vars-link-text="reports" data-vars-click-url="https://zillow.mediaroom.com/2025-11-17-53-of-U-S-homes-lost-value-in-the-past-year,-the-most-since-2012" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://zillow.mediaroom.com/2025-11-17-53-of-U-S-homes-lost-value-in-the-past-year,-the-most-since-2012" target="_blank">reports</a>.State of play: Many homeowners bought before prices <a class="gtmContentClick" data-vars-link-text="surged" data-vars-click-url="https://www.axios.com/2025/03/10/covid-home-prices-trends" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/03/10/covid-home-prices-trends" target="_self">surged</a> in the early 2020s. As of October, the median home value had jumped roughly 67% since the property was last sold.<ul><li>Just 4% lost value in that time, around 8.5 years for the typical homeowner.</li><li>Losses between sales are up slightly from a year ago (2%) but lower than pre-pandemic levels (11%).</li></ul>The big picture: It&#x27;s a <a class="gtmContentClick" data-vars-link-text="homebuyer&#x27;s market" data-vars-click-url="https://www.axios.com/2025/11/10/home-sale-contract-cancel" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/11/10/home-sale-contract-cancel" target="_self">homebuyer&#x27;s market</a> right now, if you can afford it. Persistently high mortgage rates and <a class="gtmContentClick" data-vars-link-text="prices" data-vars-click-url="https://www.axios.com/2025/10/09/housing-population-growth" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/10/09/housing-population-growth" target="_self">prices</a> have sidelined many.<ul><li>Nationwide, home sellers outnumber buyers by a record 37%, Redfin <a class="gtmContentClick" data-vars-link-text="estimates" data-vars-click-url="https://www.redfin.com/news/buyers-vs-sellers-october-2025/" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/buyers-vs-sellers-october-2025/" target="_blank">estimates</a>.</li></ul><div><figure><div id="av-2025-12-01-home-lost-value-9X46E" style="max-width:100%" data-vars-category="embed" data-vars-sub-category="axios-visual" data-vars-asset-id="av-2025-12-01-home-lost-value-9X46E" data-vars-iframe-src="https://graphics.axios.com/2025-12-01-home-lost-value/index.html" class="gtmView"><img alt="A series of maps of U.S. metro areas showing the share of homes that lost value year-over-year, from 2020 to 2025. According to the Zillow home value index, 53% of homes lost value from 2024 to 2025. That share was just 5% from 2019 to 2020. In 2025, the share was highest in Florida and California, and lowest in Connecticut and Rhode Island." class="axios-visual-newsletter-fallback-image" src="https://graphics.axios.com/2025-12-01-home-lost-value/fallbacks/2025-12-01-home-lost-value-fallback.png" width="1200" height="1828"/><img alt="A series of maps of U.S. metro areas showing the share of homes that lost value year-over-year, from 2020 to 2025. According to the Zillow home value index, 53% of homes lost value from 2024 to 2025. That share was just 5% from 2019 to 2020. In 2025, the share was highest in Florida and California, and lowest in Connecticut and Rhode Island." class="axios-visual-apple-fallback-image" src="https://graphics.axios.com/2025-12-01-home-lost-value/fallbacks/2025-12-01-home-lost-value-apple.png" width="750" height="4120"/></div><figcaption>Data: <a class="gtmContentClick" data-vars-link-text="Zillow" data-vars-click-url="https://www.zillow.com/research/home-value-decline-35724/" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.zillow.com/research/home-value-decline-35724/" target="_blank">Zillow</a>; Map: Kavya Beheraj/Axios</figcaption></figure></div>The <a class="gtmContentClick" data-vars-link-text="West and South" data-vars-click-url="https://www.axios.com/2025/08/01/real-estate-home-prices-nyc-florida" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/08/01/real-estate-home-prices-nyc-florida" target="_self">West and South</a>, where there are more available homes and greater climate risks, saw the most widespread losses over the past year.<ul><li>Most metros in Florida saw three-quarters of homes or more decline in value, including Tampa Bay (85%), Orlando (85%) and Jacksonville (83%).</li><li>In Punta Gorda, 96% of homes have dipped in value.</li></ul>Reality check: There&#x27;s a difference between taking a loss and being &quot;<a class="gtmContentClick" data-vars-link-text="underwater" data-vars-click-url="https://www.axios.com/2024/06/10/home-mortgage-debt" data-vars-content-id="50b3d424-2a26-4e2f-8d15-f41fbfcfdd21" data-vars-headline="Most Miami metro homes lost value in the past year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2024/06/10/home-mortgage-debt" target="_self">underwater</a>,&quot; or owing more money to your lender than the house is worth.<ul><li>Far fewer homes are underwater today compared to 2019, Zillow chief economist Mischa Fisher says.</li></ul>The bottom line: &quot;While fluctuations in home values can distress watchful owners, the vast majority are sitting on large equity gains that they can take advantage of when they sell,&quot; Fisher tells Axios.

What's going up: Multi-family units in Edgewater, Brickell, Design District

The proposals are heading to Miami's Urban Development Review Board.

Three project proposals are heading to Miami&#x27;s Urban Development Review Board Wednesday. <ul><li>If approved, more than 1,600 multi-family units could be added to three of Miami&#x27;s hottest neighborhoods, <a class="gtmContentClick" data-vars-link-text="The Real Deal reported" data-vars-click-url="https://therealdeal.com/miami/2025/12/16/namdar-group-helm-equities-seek-bonuses-for-miami-towers/" data-vars-content-id="5d7c873e-7469-4f9c-bfac-4a48adc5db6b" data-vars-headline="What&#x27;s going up: Multi-family units in Edgewater, Brickell, Design District" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://therealdeal.com/miami/2025/12/16/namdar-group-helm-equities-seek-bonuses-for-miami-towers/" target="_blank">The Real Deal reported</a>. </li></ul>

The Lincoln Road clock tower is coming back to life

The clock was a Miami Beach landmark for over 60 years before it began to malfunction in 2020.

The famed Lincoln Road clock tower will soon light up once again.Why it matters: The digital clock mounted atop 407 Lincoln Road was a <a class="gtmContentClick" data-vars-link-text="Miami Beach landmark" data-vars-click-url="https://www.miamiherald.com/news/local/community/miami-dade/miami-beach/article251668483.html" data-vars-content-id="afe8e640-cba3-4a1f-af9d-f4a700514874" data-vars-headline="The Lincoln Road clock tower is coming back to life" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.miamiherald.com/news/local/community/miami-dade/miami-beach/article251668483.html" target="_blank">Miami Beach landmark</a> for over 60 years before it began to malfunction in 2020.

Axios Tampa Bay

A map showing the change in Citizens Property Insurance policies from 2024 to 2025 among Miami-area counties. The area as a whole saw a 56% decline in such policies. Palm Beach County saw the largest decline,  dropping 65% from 74.2k to 26.2k policies.

Change in Citizens Property Insurance policies from 2024 to 2025

Data: Citizens Property Insurance Corp.; Map: Erin Davis/Axios Visuals

A line chart showing average homeowner tenure in the Miami metro area compared to the U.S. overall. Tenure is the time between the most recent and previous sale dates of a home. Nationally, average tenure has risen from 3.7 years in Q1 2005 to 8.6 years in Q4 2025. In Miami, average tenure has risen from 2.7 years to 9.3 years over the same period.

Average homeowner tenure in Miami

A chart showing the monthly median cost to rent or own by metro area in 2024 among the 100 largest metros. In all metro areas, it was cheaper to rent than it was to own a home. The national average rent price was $1,487 compared to $2,035 to own.

Monthly median cost to rent or own by metro area

Data: LendingTree analysis of U.S. Census Bureau data; Note: Monthly costs include utilities, fees, and/or taxes; Median housing costs above $4,000 are recorded as "$4,000+" by the Census Bureau; Chart: Jacque Schrag/Axios

Real Estate 🏠

Citizens shed 180,000 insurance policies in Southeast Florida last year

Miami "supertall" developer plans another downtown skyscraper

Metro Miami homeowners are staying put the longest since 2000

Renting is cheaper than owning in South Florida

What's going up: A new hospital, affordable housing, another luxury development