Housing Wire
FEBRUARY 26, 2024
Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.
Lamacchia Realty
JANUARY 30, 2024
These regulations have made it more complex to purchase a unit in an older building, and therefore have substantially increased HOA fees to cover the costs of the newly required special assessments. And some are not able to sustain the rising HOA fees and insurance rates.
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Lamacchia Realty
MARCH 28, 2023
New listings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. The average price slightly increased for single-family homes and decreased for condos and townhomes.
Will Springer Realtor
MAY 13, 2024
The reason, beyond the seasonal spring burst of new listings, may be tied to a recent legal settlement between Insignia’s Homeowners Association and Bosa Development Washington on a litany of building defect claims. All has apparently been settled before reaching trial, according to the HOA and its building management company.
Lamacchia Realty
JULY 18, 2022
It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. Broward County single family and condo/townhome closed sales, new listings, and pending sales decreased. paying mortgage, HOA fees).
Will Springer Realtor
APRIL 8, 2021
The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings. It’s impossible to beef up inventory when there is a 61% increase in new listings on the Eastside, as was tabulated in March, and a 63% rise in Pending sales from the previous month. MARCH HOUSING UPDATE.
Will Springer Realtor
JULY 8, 2022
While the number of new listings in June jumped 8.2% in new listings and 57% in active listings at the start of this month (3256), up 124% from a year ago. The fresh data show a clear slowing of the housing market. Single-family homes show similar increases in the county, up 8.2% Give me a ring!
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