A slow-motion crisis is unfolding in Florida’s condo market, threatening to upend the state’s image as a haven for retirees and reasonably priced beach living. Owners of the state’s older condos are ...
JACKSONVILLE, Fla. – New safety guidelines for condominiums in Florida are causing significant disruptions in the real estate market. These changes, implemented in response to the 2021 Surfside ...
Florida condo and townhouse sales dropped 10.5% in 2024, the lowest in 15 years, after a hike in special assessments and monthly fees due to new condo safety legislation, experts said. Florida ...
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Why Florida’s Condo Owners Are So Desperate to Sell
Florida is contending with a condo crisis, and the ballooning costs of ownership are a big reason why. Retirees Rob and Karen Dickson moved from upstate New York to Punta Gorda, Fla., in 2021. They ...
An older residential building is undergoing repairs to all of its balconies, Tuesday, Dec. 3, 2024, in Bal Harbor, Fla. Condo and home buyers may have an edge on sellers in South Florida. Average ...
The Florida condo market is recalibrating, as changes to the Condo Act tank the market for 30-plus year old condos, creating uncertainty for the thousands of families who own them. But developers ...
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median condo sale price in Inland Florida rose 5.4% year over year on average in January, compared with a 4.8% decrease on Florida’s Gulf Coast and a 3% ...
Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022. It requires associations to have ...
TALLAHASSEE, Fla. (WFLA) — Florida condo owners are facing a conundrum. Units for sale are sitting on the market longer and owners who want to stay are facing rising costs. At the state legislature’s ...
SECOND DEGREE MURDER. GOVERNOR RON DESANTIS HOPES TO ADDRESS POTENTIAL RELIEF FOR CONDO OWNERS AT THE UPCOMING SPECIAL SESSION. THE CRISIS CONDO OWNERS ARE FACING IS DUE IN PART TO RISING INSURANCE ...
Since the collapse of the Champlain Towers South three years ago, Florida has been scrambling to prevent another tragedy, instituting new laws and regulations to ensure condo building safety. With ...
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