Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. And homeowners insurance costs are three times higher in Florida than the national average.

HOA 477

HOA Law Insurance New Listings 477

Appraisal Buzz

JANUARY 3, 2022

In the days following the tragic condo building collapse in Surfside, Florida, information emerged about known issues with that building. Several nearby condo buildings were evacuated because they too had significant deferred maintenance that led to potentially life-threatening structural deficiencies.

Project Management 390

Project Management Appraisal Marketing Modernization 390

Lamacchia Realty

FEBRUARY 27, 2023

This is evidence of that decrease in buyer demand in the housing market. Whether you are a buyer or a seller, understanding what mortgage options , like mortgage buydowns or assumptions, are available will be critical to being successful in this changing market!

New Listings 54

New Listings Buyers Realty Sellers 54

Lamacchia Realty

MARCH 28, 2023

Condos were an attractive option during the frenzied pandemic housing market when single-family inventory was depleted, but now demand has been negatively impacted by several new pieces of legislation as well as increased expenses for condo owners resulting from the Surfside Collapse in 2021.

New Listings 55

New Listings Sellers HOA Buyers 55

Lamacchia Realty

AUGUST 24, 2022

Although buyer affordability is diminished, fewer buyers in the market (i.e., For sellers , pricing your home right is critical to stay competitive in this changed market to make sure your home sells quickly and for the most money. Data provided by Florida Realtors® SunStats.

New Listings 59

New Listings Inventory Buyers Realty 59

Lamacchia Realty

JUNE 27, 2022

Important to note that this uptick may take more time in South Florida compared to other regions given the prevalence of cash buyers in the market more so than we see in other areas. Price Adjustments in this New Housing Market. What's Ahead? Data provided by Florida Realtors® SunStats. Additional Resources. June 21, 2022.

New Listings 36

New Listings Inventory Inspection Buyers 36

Lamacchia Realty

JULY 18, 2022

Rising mortgage rates continue to affect the South Florida housing market as closed sales are down in all three counties for both single families and condos/townhomes for June 2022 compared to June 2021. What's Ahead? Not only is buying a home more expensive now but so is everything else , with inflation at historically high levels.

New Listings 36

New Listings Inventory Buyers Sellers 36