Focus on Miami
Saturday, May 12th, 2007
Miami is the seventh largest metropolitan area in the United States. Because of its city limits, Miami is the second-largest city in Florida (after Jacksonville), and the 45th largest city in the United States. Miami’s explosive population growth in recent years has been driven by internal migration from other parts of the country as well as by immigration.
Real Estate Boom
The first real estate boom started in 1896 with the arrival of the railroad. In the 1920s a real estate boom changed the area as new subdivisions and tourist resorts were built. In 1926, a major hurricane hit Miami and building was halted by the stock market crash and the Great Depression. On August 24, 1992 one of the country’s worst disasters caused more than $20 billion in damage when Hurrican Andrew hit Miami-Date County.
