Fort Lauderdale considers affordable housing requirements

The Florida Sun Sentenial reports that when South Florida's housing bubble burst and home prices plummeted, they never fell far enough to make rents or single-family homes affordable for the average family.

The median home price in Broward County last year was still $47,611 more than the median household could afford, according to an assessment performed by Florida International University's Metropolitan Center. The gap was $47,263 in Palm Beach County and $60,243 in Miami-Dade County, the report said.

Gay Realtor Ft. Lauderdale has reposted this story from the Florida Sun Sentenial August 26th.

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