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Realtor.com: HOA fees are on the rise among all home types

Housing Wire

Homeowners associations (HOAs) are commonplace, and more of them are requiring owners to pay up, according to a survey by Realtor.com. of listings in 2024 had some sort of HOA fee and these expenses became even more costly. The report only considered listings if they had an HOA fee. Realtor.com’s report found that 40.5%

HOA 395
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Report: HOA Fees On the RiseĀ 

Appraisal Buzz

Homeowners Association (HOA) fees are another rising home expense as Americans struggle with housing affordability. More properties on the market last year had a homeowners association (HOA) charge, and those fees were more expensive than the previous year, according to a new analysis from Realtor.com. the previous year.

HOA 397
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HOA fees are standing out in a bad way

Sacramento Appraisal Blog

Affording today’s housing market isn’t always so simple, which is why HOA fees aren’t easy to digest for some buyers. What are […] The post HOA fees are standing out in a bad way first appeared on Sacramento Appraisal Blog. Today, I thought it would be cool to graph a few decades of association fees.

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HOA Fees Surging in the Sunshine StateĀ 

Appraisal Buzz

In Tampa, FL, the median monthly homeowners association (HOA) fee jumped 17.2% HOA fees also rose in West Palm Beach (12.8%), Jacksonville (7.6%) and Miami (5.7%). It’s common for HOA fees to increase over time as property prices increase, but that’s not what’s happening in Florida. That’s the steepest increase among the 43 U.S.

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Nearly half of home sellers are offering concessions

Housing Wire

A lot of sellers are offering money for mortgage-rate buydowns, and I recently had one seller cover seven months of HOA fees for the buyer. Condos have become a tougher sell because of skyrocketing HOA fees and insurance.

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Sunshine State Condo Trends

Appraisal Buzz

Insurance costs are significantly lower compared to coastal areas, leading to more manageable HOA fees and monthly payments for condo owners. Insurance is much cheaper inland than on the coast, which leads to lower HOA fees and more affordable monthly payments for condo owners, said Christopher Maggart, a Redfin Sales Manager in Orlando.

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Surging for-sale inventory turns Florida into a buyer’s market

Housing Wire

The condo market has also contributed, as many owners are looking to sell because of rising HOA dues. Natural disasters like Hurricane Milton have caused home insurance rates to surge and many homeowners left the state as a result. Eight of Floridas metropolitan markets have record-high active listings.

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