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Paris CNN —It’s 6.30 a.m. on a late summer morning in Paris. “We heard they were coming to take us today but I am not sure where to,” Obsa, a 31-year-old political refugee from Ethiopia, told CNN. Obsa was relying on emergency housing in a hotel but says it kicked him out after his wife joined him. Some 10 regional temporary shelters, known as SAS, have been set up around the country to welcome the new arrivals outside of Paris, according to the Dihal. The other problem is the lack of emergency housing spaces available in the regions where migrants are being transferred to.

Persons: they’ll, “, ”, Obsa, Dalal Mawad, CNN Obsa, Paul Alauzy, “ Marseille, Claudia Colliva, Yann Manzi, Gerald Darmanin, Emmanuel Macron, Harmonie Lecerf, Meunier, Brice, Meunier of Bordeaux, Sandrine Runel, ” Brice, Abdullatif Organizations: Paris CNN —, CNN, Du, Federation of Solidarity Actors, BFMTV, Paris Prefecture, Ministry of Housing, Paris, Staff, ” Police, Interministerial, of Interior, SAS, Olympic, Utopia, Games, Rugby World, ”, Medecins Du Monde Locations: Paris, Stalingrad, France, Ethiopia, Sudan, Libya, Italy, de, Bordeaux, ”, Marseille, French, “, ” Bordeaux, Lyon, Afghanistan

☆ It's about to become much harder for young people to buy a home as student-loan repayments resume
▼ + stars: | 2023-09-26 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

Student-loan repayments will restart on October 1 following a three and a half year hiatus. After more than three and a half years of moratoriums on student loans, repayments are set to resume on October 1. The average student loan borrower has more than $37,000 in federal student-loan debt, according to Bankrate. Manny Garcia, a senior population scientist at Zillow, told Insider that student-loan repayments will likely jeopardize buyers' ability to afford home purchases this year. "Before the pandemic, borrowers were already choosing between meeting their own basic needs and making their student-loan payments.

Persons: —, it's, Manny Garcia, Garcia, Pulsenomics, Zillow, Will Lemke, Stephanie Hall Organizations: Service, Center for American Progress, Wall Street Journal, Inside Mortgage Finance

☆ Stock futures are little changed after Tuesday's sharp losses: Live updates
▼ + stars: | 2023-09-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures rose by 34 points, or 0.1%. Futures linked to the S&P 500 inched up 0.1%, while Nasdaq 100 futures added 0.1%. Economists' estimates called for 695,000, per Dow Jones. Economists polled by Dow Jones had forecasted 105.5. Economists expect they declined 0.5%, according to Dow Jones.

Persons: Dow, Dow Jones, Rob Haworth, Blanke, Robert Schein, Schein Organizations: Dow Jones Industrial, Nasdaq, Costco, Homes, Census Bureau, Department of Housing, Urban Development, Conference, Bank Asset Management, Micron Technology Locations: U.S

NEW DELHI/MUMBAI, Sept 25 (Reuters) - India is considering spending 600 billion rupees ($7.2 billion) to provide subsidised loans for small urban housing over the next five years, two government sources told Reuters. The scheme will offer an annual interest subsidy of between 3-6.5% on up to 0.9 million rupees of the loan amount. Housing loans below five million rupees availed for a tenure of 20 years will be eligible for the proposed scheme, the sources said. "The interest subvention will be credited upfront to the housing loan account of beneficiaries. Mails sent by Reuters seeking a response from the Ministry of Housing and Urban Development and the Ministry of Finance remained unanswered.

Persons: Banks, Narendra Modi, Modi, Sarita Chaganti Singh, Anil D'Silva Organizations: NEW, Reuters, Indian, Ministry of Housing, Urban Development, Ministry of Finance, Siddhi, Thomson Locations: NEW DELHI, MUMBAI, India, finalisation, New Delhi, Siddhi Nayak, Mumbai

☆ Polls Show Australia Indigenous Referendum Support Slipping, Likely to Fail
▼ + stars: | 2023-09-24 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Renju JoseSYDNEY (Reuters) - Support for a referendum to constitutionally recognise Australia's Indigenous people slipped further, with the landmark proposal set to fail in a national vote roughly three weeks away, two opinion polls showed on Monday. Altering the constitution requires a national referendum in Australia and only eight have passed since 1901 when the country was formed. Australia, which will hold the referendum vote on Oct. 14, has no treaty with its Indigenous people, who make up about 3.2% of its 26 million population. The referendum debate has divided opinions with supporters arguing the Voice will bring progress for the Aboriginal community, while opponents say it would be divisive. It also showed the approval ratings for Albanese, who has staked significant political capital on the referendum, fell 5 points to 46%.

Persons: Renju Jose SYDNEY, Anthony Albanese, Albanese, Renju Jose, Lincoln Organizations: Australian Financial, Labor, The Australian, Voters Locations: Torres, Australia, Sydney

The Office of Management and Budget reminded senior agency officials Friday to update and review shutdown plans. Those plans can vary from shutdown to shutdown. The nearly 4 million Americans who are federal employees will feel the effect immediately. Essential workers will remain on the job, but others will be furloughed until the shutdown is over. For many of them, a shutdown would strain their finances, as it did during the record 35-day funding lapse in 2018-2019.

Persons: “, ”, Doreen Greenwald, Everett Kelley, Pell, disbursing Pell, It’s, treasurers Organizations: CNN, Management, National Treasury Employees Union, American Federation of Government Employees, Transportation Security Administration, Social Security, TSA, of Labor Statistics, Federal Reserve, Business Administration, Futures, US Centers for Disease Control, Drug Administration, Safety, Health Administration, Environmental Protection Agency, ”, Smithsonian, National, National Archives, National Park Service, of Education, Federal Student Aid, Federal, Department of, Assistance, SNAP, US Department of Agriculture, Women, of Housing, Urban Development, Commission, Research, NOAA, Oceanic, Administration, National Science Foundation, Peace Corps, State Department, Defense Department Locations: United States, America, Washington, DC, shutdowns

☆ UBS says Zurich and Tokyo are the cities most at risk of being in a housing bubble. Here are the other 15 markets where they warn home prices are overvalued — and the 6 most vulnerable to declines.
▼ + stars: | 2023-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

This is driving up mortgage rates after years of lower-rate policies, crushing affordability and sinking home prices in some metropolitan areas. In the note, the pair released UBS's most reading of its Global Real Estate Bubble Index. Two cities — Zurich and Tokyo — top the list and are considered to be in "bubble risk" territory by being at least 1.5 standard deviations out of their index norm (Zurich at 1.71 and Tokyo at 1.65). UBS"Such high multiples come from an excessive appreciation of housing prices in the wake of previously low interest rates," Saputelli and Holzhey said. "House prices in all these cities remain vulnerable to corrections should interest rates remain elevated for longer or continue to rise further."

Persons: Claudio Saputelli, Matthias Holzhey, Holzhey Organizations: Federal Reserve, European Central Bank, Reserve Bank of India, Bank of England, Reserve Bank of Australia, Bank of, Central Bank of, Bank of Canada, UBS, Swiss, —, Tokyo —, Miami Locations: Bank of Korea, Central Bank of Brazil, — Zurich, Tokyo, Zurich, Munich, Frankfurt, Hong Kong, Toronto, Geneva, Los Angeles, London, Tel Aviv, Vancouver, Amsterdam, Stockholm, Paris, Sydney

☆ Polls show Australia Indigenous referendum support slipping, likely to fail
▼ + stars: | 2023-09-24 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

SYDNEY, Sept 25 (Reuters) - Support for a referendum to constitutionally recognise Australia's Indigenous people slipped further, with the landmark proposal set to fail in a national vote roughly three weeks away, two opinion polls showed on Monday. Altering the constitution requires a national referendum in Australia and only eight have passed since 1901 when the country was formed. Australia, which will hold the referendum vote on Oct. 14, has no treaty with its Indigenous people, who make up about 3.2% of its 26 million population. The referendum debate has divided opinions with supporters arguing the Voice will bring progress for the Aboriginal community, while opponents say it would be divisive. It also showed the approval ratings for Albanese, who has staked significant political capital on the referendum, fell 5 points to 46%.

Persons: Anthony Albanese, Albanese, Renju Jose, Lincoln Organizations: Australian Financial, Labor, The Australian, Voters, Thomson Locations: Torres, Australia, Sydney

☆ Want to live in London or New York? Good luck if you’re renting
▼ + stars: | 2023-09-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —In May, Viveca Chow hurriedly transferred $3,700 over her phone while standing in the lobby of a building in Queens, New York. Average rents in New York and Sydney grew by an inflation-busting 4.7% and 6.9% respectively in the year to August, according to real estate firm Knight Frank. While growth in rental costs in both cities has slowed compared with its pandemic peaks, average rents are still at all-time highs. The Manhattan skyline reflected on the East River Ferry near the Queens borough of New York CIty in August 2022. Lifestyle influencer Viveca Chow feels lucky to have found a rent-stabilized apartment in New York City.

Persons: Viveca Chow, Chow, Knight Frank, Ismail Ferdous, Realtor.com, SpareRoom, Barnaby Scudds, “ I’m, ”, Andy Raim, Matt Hutchinson, ” Hutchinson, Liam Bailey, ’, Sadiq Khan, Nikodem Szumilo, ” Szumilo, Szumilo, Viveca, ” Chow, you’re Organizations: London CNN —, CNN, Bloomberg, Getty, Hamptons, Office, National Statistics, Bartlett Real Estate Institute, University College London Locations: Queens , New York, New York, Sydney, Manhattan, Queens, London, United Kingdom, Bartlett, Tokyo, New York City, That’s

She refers to the overhaul as a “judicial coup,” saying it risks facilitating the “de facto annexation of the West Bank without any critique or any review” from the Supreme Court. The cabinet includes a number of West Bank settlers in powerful positions, and the agreement that brought together the government calls for extending Israel’s sovereignty in the West Bank, effectively a call for annexation. Under Netanyahu’s far-right government, Israel has approved a record number of housing units in West Bank settlements, Peace Now said in a July report. “Did the Supreme Court protect Palestinian rights in the West Bank? More recently in 2017, Israeli security forces bulldozed nine homes built on private Palestinian land in the West Bank settlement of Ofra.

Persons: Benjamin Netanyahu’s, West Bank haven’t, Sawsan, Netanyahu, Netanyahu’s, Israel, Israel doesn’t, ” Zaher, Eliav, ” Lieblich, Zaher, Ahmed Tibi, Bezalel Smotrich, Itamar Ben Gvir, Tibi, ” Tibi, ” Gershon Baskin, Bond, ” Baskin, “ Organizations: CNN, West Bank, Legal Center, Arab, Rights, United Nations, Israel Democracy Institute, Tel Aviv University, Palestinian Authority, Supreme Court, Court of Justice, Israel’s, Israeli, Court Locations: Palestinian, Israel, West Bank, East Jerusalem, Jerusalem, West, The Hague, Dura, Qara, Ofra

☆ Apartment prices in Zurich are skyrocketing, with property being seen as 'concrete gold'
▼ + stars: | 2023-09-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Apartments in Zurich cost around $19,000 per square meter, according to data from Properstar. Transaction prices for apartments in the Zurich region rose 42.3% between 2013 and 2022. UBS said Wednesday that there was a perception of property in the city as "concrete gold." Renting an apartment in the city, meanwhile, cost around 47 Swiss franc ($58) per square meter, according to the Properstar data. UBS said in its Global Real Estate Bubble Index 2023, released Wednesday, that an increasing number of high-income earners and ultra-low interest rates in recent years had helped push up property prices.

Organizations: UBS, Service, Bloomberg, Henley & Partners, Wüest, Swiss National Bank ., Swiss, Google Locations: Zurich, Properstar, Wall, Silicon, Swiss, London, Lake Zurich, Switzerland

The state pays local housing authorities to maintain and operate the units whether they’re occupied or not. As of the end of July, almost 1,800 of the vacant units had been empty for more than 60 days. Doris Romero, a housing coordinator at a Boston shelter, was stunned to hear about all the vacant apartments. People interested in housing had to apply to separate local housing agencies, often in person. Since then, Hedison and other local housing officials have cited a litany of problems.

Persons: Deb Libby, Libby, she’s, ”, “, Doris Romero, ” Ed Augustus, Augustus, Maura Healey, WBUR, David Hedison, Maureen Cayer, Healey, “ It’s, WBUR’s Beth Healy, Paula Moura, Read Organizations: Gov, Housing, Worcester Locations: Worcester , Massachusetts, Massachusetts, Boston, New York , Connecticut, Hawaii, Chelmsford, Agawam, Western Massachusetts, Adams, New York, Lowell, Rhode

☆ New York City's mayor is proposing major policy changes to lower housing costs and build 100,000 new homes
▼ + stars: | 2023-09-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

New York City Mayor Eric Adams announced his plans for major new housing policy reforms. The proposal aims to create 100,000 new homes, addressing the housing shortage and sky-high costs. Over the last decade alone, New York City has created 800,000 new jobs, but just 200,000 new units of housing, he said. Another key reason New York City has failed to build enough housing for decades: community opposition. Kathy Hochul failed to get her own housing reforms passed by the state legislature this year.

Persons: Eric Adams, we're, Adams, Kathy Hochul Organizations: York City, Service, Manhattan Community College, New, Local, New York Gov Locations: York, Wall, Silicon, New York City

LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged up again this week, another setback for would-be homebuyers navigating an increasingly less affordable housing market. The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage buyer Freddie Mac said Thursday. The average rate rose to 6.54% from 6.51% last week. Mortgage rates have been echoing moves in the 10-year Treasury yield, which lenders use as a guide to pricing loans. The average rate on a 30-year mortgage is now more than double what it was two years ago, when it was just 2.88%.

Persons: Freddie Mac, ”, Lisa Sturtevant Organizations: ANGELES, Bright MLS, Treasury, Federal Reserve, Federal, U.S, National Association of Realtors Locations: It’s, U.S

☆ Home prices are expected to rise in 2024: 'There are simply not enough homes' to meet demand, says economist
▼ + stars: | 2023-09-20 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Despite a recent slump, home prices are expected to continue to rise in 2024, according to a number of research firms that specialize in real estate forecasts, including Freddie Mac, Zillow and the National Association of Realtors. That's because homes aren't being built fast enough to keep up with demand, which puts upward pressure on prices, says Lawrence Yun, NAR chief economist at the National Association of Realtors. With too few homes for too many buyers, NAR expects home prices to rise by 2.6% in 2024. "There are simply not enough homes for sale," Yun said in a recent report. "The market can easily absorb a doubling of inventory."

Persons: Freddie Mac, Lawrence Yun, Yun, Freddie Mac's Organizations: National Association of Realtors, NAR Locations: United States

☆ 'Thrown to the wolves': How private investors are jacking up rents and ripping off college students
▼ + stars: | 2023-09-20 | by ( James Rodriguez | ) www.businessinsider.com time to read: +19 min

The eye-popping numbers are part of a longer-term shift toward private college housing. Moody's Analytics recently warned of an "affordability crisis" for college students, noting that since 2019, rents for student housing in a sample of notable college towns had grown faster than those of regular apartments. Student housing goes privateThe gold rush in student housing is a relatively new phenomenon. Back in the 1980s and '90s, most college students either lived in bland, cinder-block-walled dorms or in conventional apartments farther from campus. Even with his frugality, he came to realize that the prices in West Campus were "impossible to rationalize" for a college student.

Persons: behemoth Blackstone, Evan Scope, UT Austin who's, Carl Whitaker, Austin Kristian Alveo, Whitaker, Mark Austin, Kristian Alveo, David Willson, Willson, Gina Cowart, Cowart, David Kanne, lounging, Ann, Kanne, Lu Chen, RealPage, Donald Cohen, Cohen, Graham Sowden, Dan Allen, Allen, Austin, James Rodriguez Organizations: Waterloo, University of Texas, Wall Street's, American, Communities, National, Housing, Evan Scope Crafts, UT Austin, University, UT, LV, UTs, Crafts, American Campus, HBO, West, haven't, State College ,, Moody's, Power, Middlebury College, University of Tennessee, Arizona State University, Urban Institute, Investors, Power Five, RREAF Holdings Locations: Austin, Wall, Waterloo, UT Austin, Rio, Villas, West, West Campus, Gainesville , Florida, Ann Arbor , Michigan, State College , Pennsylvania, Knoxville, South

☆ US housing starts hit three-year low; surge in permits point to underlying strength
▼ + stars: | 2023-09-19 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The decline in housing starts reported by the Commerce Department on Tuesday was the largest in a year and occurred across the board. Housing starts tumbled 11.3% to a seasonally adjusted annual rate of 1.283 million units last month, the lowest level since June 2020. Data for July was revised lower to show starts accelerating to a rate of 1.447 million units instead of the previously reported 1.452 million units. Single-family housing starts, which account for the bulk of homebuilding, dropped 4.3% to a rate of 941,000 units last month. They were boosted by a 14.8% surge in multi-family housing permits to a rate of 535,000 units.

Persons: Mike Blake, homebuilding, Daniel Vielhaber, Hilary, Freddie Mac, Goldman Sachs, Nancy Vanden Houten, Jeffrey Roach, Lucia Mutikani, Chizu Nomiyama, Paul Simao, Andrea Ricci Organizations: REUTERS, Commerce Department, Federal, Nationwide, Reuters, U.S, Treasury, National Association of Home Builders, Oxford Economics, Realtors, LPL Financial, Thomson Locations: Rancho, San Diego , California, U.S, WASHINGTON, Columbus , Ohio, homebuilding, Northeast, Midwest, Wells Fargo, New York, Charlotte , North Carolina

☆ Deutsche Bank analyst on the state of housing: Prices should remain stable
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Bank analyst on the state of housing: Prices should remain stableJoe Ahlersmeyer, Deutsche Bank analyst, joins 'The Exchange' to discuss the health of housing as housing starts fell to its lowest level since 2020 amid high mortgage rates.

Persons: Joe Ahlersmeyer Organizations: Deutsche Bank

☆ Opinion | What We Can Do to Help Reduce Loneliness
▼ + stars: | 2023-09-19 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “How We Can Fix Our Loneliness Epidemic,” by Nicholas Kristof (column, Sept. 7), and “Flexible Housing,” by Michelle Cottle (Opinion, Sept. 10):In recent weeks, Mr. Kristof and Ms. Cottle have written convincingly about the problems of loneliness and isolation and the need for more flexible housing options as our population ages. In neither piece was there any mention of the option of home sharing, which is a low-cost and immediate means of aiding the housing crisis for both young and old. At Home Share Oregon, a nonprofit based in Portland, we connect homeowners who have spare rooms — many of whom are mortgage-burdened, lonely and living on meager Social Security checks — with renters struggling to find a home. There was a time when boardinghouses were part of the cultural norm and helped bring people together. We are working to change the cultural norm by moving forward with a proven means of housing people while at the same time building financial resilience and combating the loneliness epidemic.

Persons: Nicholas Kristof, Michelle Cottle, Kristof, Ms, Cottle, boardinghouses Organizations: Share, Social Locations: Portland

☆ US housing starts fall to lowest level since 2020 in worrying sign for the economy
▼ + stars: | 2023-09-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

August US housing starts fell to its lowest level in three years in a worrying sign for the economy. "The sharp drop in housing starts is concerning because housing has been one of the pillars of the economy that has held up," a CIO said. US housing starts, which refers to the beginning of construction of a new home, plunged 11% in August to 1.23 million, representing its lowest level since June 2020. The drop in housing starts coincides with a decline in homebuilder sentiment, which fell in September to its lowest level since April. AdvertisementAdvertisementBut there was one sign of hope for the economy in the August report of housing starts, and that's the fact that housing permits jumped 7% to 1.54 million.

Persons: Chris Zaccarelli, Zaccarelli, that's, I've, Jaime Moore, Jeffrey Roach Organizations: Service, Alliance, LPL Financial Locations: Wall, Silicon

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 9 experts say it's going to happen.
▼ + stars: | 2023-09-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementAdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. AdvertisementAdvertisementFebruaryOn August 31, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: Bob Michele, J.P, —, we'll, Preston Caldwell, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Bloomberg Television, Morgan Asset, Morningstar, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: Wall, Silicon, North America's

☆ Canada gov't vows draft law soon to tackle inflation, housing crisis
▼ + stars: | 2023-09-18 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. Prime Minister Justin Trudeau last week announced a tax break designed to boost the construction of new rental apartment buildings and relieve pressure on the Canadian housing market. Later on Monday, the heads of major grocery chains will meet government ministers who are demanding to see a plan to counter soaring food prices. Canadian retailers say they are not to blame for surging food prices, and instead point to food manufacturers and producers for passing on higher costs to the grocers. The grocery chains attending the meeting in Ottawa are Loblaws (L.TO), Sobeys (EMPa.TO), Metro (MRU.TO), Walmart (WMT.N) and Costco (COST.O), which together represent 80% of the Canadian market.

Persons: Carlos Osorio, Justin Trudeau, Chrystia Freeland, Trudeau, Karina Gould, Steve Scherer, David Ljunggren, Bernadette Baum Organizations: REUTERS, Rights, Liberal, Finance, Competition, Conservatives, Metro, Walmart, Costco, Thomson Locations: Toronto , Ontario, Canada, Ottawa

☆ Mayor Adams’s Ability to Freely Spend Money on Migrants May Be Curtailed
▼ + stars: | 2023-09-18 | by ( Jay Root | More About Jay Root | ) www.nytimes.com time to read: +1 min

“If we were to revoke the blanket prior approval — yes, then each of those agencies would just need to approach us for approval of any individual contract,” he said. DocGo officials did not respond on Sunday to a request for comment. The company’s contract with the city’s Department of Housing Preservation and Development, which has not been made public, calls for DocGo to provide some of its subcontracted services with no markup. For example, laundry and food service are “billed at actual cost,” with laundry charges capped at $270,000 a month, and three meals costing no more than $33 per person each day, the contract says. But DocGo is allowed to turn a tidy profit from its largest single monthly expense: the hotel rooms housing the migrants.

Persons: ”, shouldn’t, DocGo Organizations: city’s Department of Housing Preservation, DocGo, Ramada Plaza Locations: Albany, DocGo, New York City

☆ Why the middle-class is being permanently priced out of Miami
▼ + stars: | 2023-09-18 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +5 min

More apartments are being built in Miami than anywhere else in the US, the Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Now, "the Florida housing market is undergoing a restructuring as a result of the work-from-home phenomenon," housing expert Jonathan Miller told Insider. Particularly in South Florida, it's a sign that these wealthier newcomers — mostly from the northeast — have permanently altered Miami's housing market, Miller said. For wealthier newcomers who moved from the northeast, Miami luxury housing is actually comparatively cheap, Miller said.

Persons: Jonathan Miller, Miller, Daryl Fairweather, Rich, Eli Beracha, Mercedes Cabrera, WPTV Organizations: Wall Street Journal, Service, Wall Street, Redfin Corp, Bloomberg, Hollo, Real, Florida International University, Dade, Street Journal Locations: Miami, Wall, Silicon, Florida, South Florida, Real Estate, Manhattan, Broward, Palm Beach, Hileah, Dade County, Southeast Florida

DocGo was already under scrutiny when its no-bid contract with New York City came to light, prompting questions about what services the company was providing — as well as the quality of those services. Neither the company nor city officials were willing to voluntarily disclose details of the contract. Earlier this month, New York City Comptroller Brad Lander said there were “numerous outstanding issues and concerns” that prompted him to reject the city's $432 million no-bid emergency contract with DocGo. DocGo began as a medical services company, describing itself on its website as delivering “high-quality medical care outside traditional hospital or clinic settings across our service lines: Mobile Health Care, Medical Transportation and Remote Patient Monitoring/Chronic Disease Management. The company has been trying to land a lucrative contract, valued in the billions of dollars, with the federal government

Persons: DocGo, Anthony Capone's, Capone, ”, Capone's, Lee Bienstock, Brad Lander, Lander, Eric Adams, “, Letitia James, ’ Organizations: New, Albany Times Union, Clarkson University, U.S . Securities, Exchange Commission, DocGo, city’s Department of Housing Preservation, New York Times, Mobile Health Care, Medical Transportation, Disease, We’re Locations: New York City, ”

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