Recent reports note Fla.’s condo market faces rising costs. But an influx of high demand during the pandemic may also be a factor influencing current conditions.
FORT LAUDERDALE, Fla. – Sharp increases in what it costs to own a...
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Condo Associations May Get $175K for Stormproofing
By Ron Hurtibise
Lawmakers are considering a My Safe Florida Condo pilot program that would help condo associations “harden” their buildings against severe weather.
FORT LAUDERDALE, Fl...
Analysts expect investor purchases in 2024 to follow the muted trend in 2023, and some big investors to make deeper commitments to rentals.
NEW YORK – Real-estate data and analytics firm Parcl Labs reported a 29% decline in investor purcha...
Condo Can’t Keep Records from ‘Troublemakers’ By Ron Hurtibise
Judge: Condo owners don’t have to tell their boards why they want financial records, and they get to decide if their authorized representative can examine them.
FORT L...
Short-Term Rentals Boomed –That’s Good and Bad
By Amber Randall
People who could work from anywhere often opted for Fla., and real estate investors found short-term-rental profits soared – but it added to buyers’ frustrations.
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Some Condo Owners Will Face Tough Decisions
By David Lyons
Many older condos are fine, but new post-Surfside rules will force some owners to weigh the cost of needed repairs against the benefit of moving and selling.....
FORT LAUDERDALE,...
Slowing the pipeline....
Financing a Second Home Now More Expensive, But Options Remain
But in terms of financing a second home, Freddie Mac and Fannie Mae have begun limiting how many second homes (and investment properties) they...
The current market favors sellers, but owners see slowing price increases and buyers being priced out of the market. Many who held off may decide it’s time to sell.
A survey of 1,300 consumers by realtor.com, conducted in fall of 2021, rev...
In 2020, vacation home sales were 5.5% of total existing-home sales; in 2019, they were 5%. Vacation home median prices were up 14.2%.
WASHINGTON – Vacation homes sales soared during the COVID-19 pandemic, according to a new study from the...