The Financial Times looks at the increasing prices in the Miami housing market and suggests this is related to the city’s rising status as a global city. This leads to an interesting question: does an in-demand housing market mean that a city is necessarily a global city or does it simply make it more popular than before? I would tend to lean toward the second – being a global city is related more to a city’s role in global finance and status as a cultural center. Miami may be a regional financial center but is it really on the scale of the major cities in the United States? Check out the 2012 Global Cities Index from AT Kearney where Miami is #36. Miami may be popular these days but it has a long ways to go…