Homes priced between $800,000 and $1 million saw the highest rate of bidding wars in December, according to Redfin data.
Mayor Steve Adler doesn’t want to curb the city’s rapid growth, but says cheaper housing is needed.
The former president said in a statement that he plans to apply to build the homes as well as retail and commercial space at Trump National Doral Miami.
Sunbelt cities posted the highest inflation rates in the nation in December, reaching into the double digits.
Investors are rushing to buy downtown apartment properties in the biggest cities in the U.S.