2025 Real Estate Trends indicate that Florida’s housing market may be shifting toward a buyer’s market. This is especially true in certain areas, according to Florida Realtors® Chief Economist Dr. Brad O’Connor. Single-family homes ended 2024 with 4.7 months of supply - just below a balanced market. Condos and townhouses entered buyer’s market territory with 8.2 months of supply. Inventory rose...
by Barry Frette
HOA and condo-related squabbles indicated by the magnitude of past litigation and claims deter insurers from offering coverage, leading to higher premiums. Condo associations and HOAs in South Florida face disputes with allegations of election meddling, fund misappropriation, insider deals, and poor maintenance despite increased assessments. New leadership in some associations is addressing these...
by Barry Frette
Florida's growing condo crisis means that owning a unit in an older condo building is becoming more expensive due to new laws requiring associations to fund financial reserves and ensure building repairs and maintenance. Additionally, insurance costs for some complexes have doubled or tripled in recent years. Those whose units and associations are in buildings that cannot be repaired or maintained, and...
by Barry Frette
Florida Private Property Rights are protected by a new law that goes into effect on July 1st of this year. This much-needed law will help homeowners remove illegal squatters from the property they own. It is intended to help owners reclaim their property quickly as long as certain conditions apply. To read more about the new law's conditions and penalties, please click here Click Here to see our...
by Barry Frette
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