Bloomberg Businessweek
Miami, Taking Wall Street From NYC Won't Be Easy
Nov 17, 2023
Jonathan Levin explains how South Florida needs investments in climate resiliency, walkable cities, and schools. Andy Browne discusses the APEC summit and Biden's meeting with Xi Jinping. Elena Songster talks about China sending pandas to American zoos. Kate Kaminski discusses the US housing market.
44:29
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Quick takeaways
- To fulfill its promise as a financial center, South Florida needs to invest heavily in climate resiliency, more walkable cities, and better schools.
- The US housing market continues to show optimism, with limited supply in the resale market and strong consumer demand.
Deep dives
Housing market remains optimistic despite slower gains
The housing market continues to show optimism, albeit with slower gains compared to previous weeks. Builders are benefiting from limited supply in the resale market and strong consumer demand. With mortgage rates remaining low and the Federal Reserve maintaining a dovish stance, the market is expected to sustain its momentum and potentially see a year-end rally.
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