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Seeing the tide coming, condo association leaders are approving higher HOA fees. Median monthly fees in Miami-Dade have jumped 10% from the second quarter 2023, up from $820.
Redfin analyzed HOA fees during the three months ending July 31 for condominiums in 43 metro areas across the United States. While the data showed a 6% median gain among all the cities analyzed ...
This is not solely a Florida problem, though: Other markets around the country where HOA fees increased by double digits, the study found, include Ft. Worth, Texas (14.6 percent); Sacramento ...
Condo inventory has risen as much as 81% in parts of Florida and Texas, Redfin says. High HOA fees and rising insurance costs are an issue for buyers.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community), is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
Needing that cash on hand makes HOA fees higher—and more condo properties out of reach for homebuyers. “Realtors are not selling the properties well,” Studnicky says. “The single-family ...
'I needed to return to work': Florida condo owners face unretiring or selling their homes after being hit with a striking $100,000 in special assessment fees Bethan Moorcraft July 23, 2024 at 7:20 AM
An HOA, or homeowners association, is a type of community association made up of all of the homeowners in a particular planned community. HOAs, like condo associations, are responsible for ...