Real Estate News

Do you have a ‘zombie’ home? Want to live next to a Miami hospital? Take a look

Stories by Miami Herald journalists, with AI summarization

Miami’s real estate scene highlights both challenge and change. Ambitious plans aim to tackle affordable housing by replacing Jackson Medical Towers with two high-rise buildings in the health district, including an extended-stay hotel and new apartments for workers.

Owners of vacant or 'zombie' homes across the nation face stricter local rules and mounting fees, with cities like Henderson, Nevada, and Sarasota, Florida, charging steep penalties for unregistered or unkempt properties.

Homebuyers are being urged to know the difference between custom and spec homes, as well as key terms like 'pending,' 'sold,' and 'prequalified' when navigating this shifting landscape. Take a look at what's happening in the real estate world.

File photo of houses in Miramar, where all homeowners take their homestead exemption tax break. By J. Albert Diaz

NO. 1: DO YOU OWN A ZOMBIE HOUSE? A VACANT HOME COULD COST YOU, AND YOU MIGHT NOT EVEN KNOW

What to know about the real estate situation. | Published November 12, 2024 | Read Full Story by Lew Sichelman

For sale sign. Stock image of a For Sale sign. The proposed legislation comes as house prices exceed affordability for numerous parts of the U.S.

NO. 2: IN THE WORLD OF REAL ESTATE, THE RIGHT WORD MAKES ALL THE DIFFERENCE

What to know about the terms. | Published December 12, 2024 | Read Full Story by LEW SICHELMAN

An aerial view of Jackson Medical Towers, at 1500 NW 12th Avenue in Miami, Florida on Jan. 2, 2025. The Public Health Trust of Jackson Health System has approved a deal with Related Urban to demolish two existing towers, known as Jackson Medical Towers, and construct affordable workforce housing and an extended stay hotel.

NO. 3: CAN THESE TOWERS HELP AN AFFORDABLE HOUSING CRISIS IN MIAMI? TAKE A LOOK AT THE PLANS

The complex includes hundreds of rentals and a hotel. | Published January 10, 2025 | Read Full Story by Michelle Marchante Rebecca San Juan

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.