This project is important to me because I live in Fairways of Delray which is a community off of Homewood. Very excited about this and can't wait until it is completed! Purpose of Project: This project is to address intersection safety improvements, Americans with Disabilities (ADA) improvements, and traffic signal updates: Location 1: SR 806/Atlantic Avenue at Homewood Boulevard Atlantic and...
by Barry Frette
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
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