Community Association Headline News

Gov. calls on Florida Legislature to pass condo relief, says House bill ‘favors developers over Florida residents’

Thu, 10 Apr 2025 20:26:08 +0000

Florida Gov. Ron DeSantis held a news conference Thursday to continue to push the Florida Legislation to pass relief for condominium owners in South Florida. DeSantis said that the high-cost fee assessments imposed on condo owners are putting them in jeopardy of losing their homes, especially senior citizens living on fixed incomes. Read the article…………………………….

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Florida Gov. Ron DeSantis speaks on condo relief in Sweetwater

Thu, 10 Apr 2025 15:02:05 +0000

Florida Gov. Ron DeSantis is discussing financial relief for condominium owners in a news conference on Thursday in the city of Sweetwater. “I don’t need to tell people in southern Florida, we’ve got a problem with our condo market right now,” DeSantis said. Read the article…………………………….

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One great meeting for association leaders (FL)

Wed, 09 Apr 2025 16:56:15 +0000

Let’s start with AMC –it’s Aventura Marketing Council/Chamber of Commerce; CHOAB refers to the AMC Condo and Homeowners’ Assoc. for Board Members & Property Managers;…..the AMC’s very successful CHOAB Committee, chaired by the Hon. Dr. Linda Marks, former Aventura Vice Mayor…… have companies specific to associations provide valuable information and answer questions from association leaders from throughout South Florida. Read the article…………………………….

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Sunshine State Condo Trends (FL)

Tue, 08 Apr 2025 21:14:27 +0000

While Florida’s coastal condo markets are seeing price declines, inland Florida’s median condo sale price rose 5.4% year over year in January, according to a new report from Redfin. This contrasts with a 4.8% price drop on the Gulf Coast and a 3% decline on the Atlantic Coast. The inland market is holding up even better than its single-family home segment, which saw a 3.7% price increase in the same period. Read the article…………………………….

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Condo Crisis: USA TODAY Florida Network to hold town hall. Tell us your concerns.

Mon, 07 Apr 2025 20:43:28 +0000

New state laws enacted after the Surfside condominium collapse in 2021 have created a financial crisis throughout Florida. The USA TODAY Florida Network, which includes 19 daily newspapers throughout the state, has written extensively on the topic that has generated significant interest and concern for many condo owners in Florida. Read the article…………………………….

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A new layer in FL Condo Crisis: Is your place on the Condo Blacklist?

Mon, 07 Apr 2025 20:36:35 +0000

The CBS12 News I-Team continues to follow Florida’s condo crisis. The laws that were passed in the name of safety following the Surfside disaster are making condo-living incredibly expensive. Now we’re learning America’s biggest mortgage firm, Fannie-Mae, has a condo black-list and its been growing in size since the reforms were enacted. Read the article…………………………….

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Condo owners take another hit with ‘blacklist.’ What’s Florida’s future for condos? | Opinion

Sat, 05 Apr 2025 19:05:35 +0000

The news that a rising number of Miami-Dade County condos are included on a “blacklist” of properties that may be blocked from securing conventional mortgage financing and potentially face a tough time obtaining maintenance loans is sure to set off alarm bells in our community. And it should. Read the article…………………………….

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Florida’s Condo Crisis: Palm Beach Post to hold live town hall. Tell us your concerns.

Sat, 05 Apr 2025 14:36:52 +0000

New state laws enacted after the Surfside condominium collapse in 2021 have created a financial crisis in Florida and Palm Beach County. The Palm Beach Post has written extensively on the topic that has generated significant interest and concern for many condo owners in South Florida. That’s why The Post will be conducting a live town hall on Wednesday, April 16 called the Condo Crisis. Read the article…………………………….

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Report: Smart sensors in Florida multi-story condos should be mandated

Fri, 04 Apr 2025 16:55:47 +0000

Lawmakers should mandate smart sensors in multi-story condominium buildings to warn residents of potential structural failures, says a report by a Florida nonpartisan policy group released on Friday. The report by the nonprofit Florida TaxWatch group recommends that lawmakers mandate the embedded microelectronic sensors, which can measure structural degradation, metal fatigue, water leaks and stress, in high-rise buildings, bridges and dams. Read the article…………………………….

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‘Perfect storm.’ Hundreds of South Florida condos now on secret mortgage blacklist

Fri, 04 Apr 2025 12:37:37 +0000

A secretive quasi-governmental condo blacklist is growing exponentially, making it difficult for owners in scores of troubled buildings in Miami and South Florida to sell or get loans for repairs even as their associations face a fiscal and time crunch to meet stringent new state safety regulations. Read the article…………………………….

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Florida Condo Market In ‘Uncharted Territory’

Fri, 04 Apr 2025 12:35:09 +0000

Condo prices are plummeting across Florida as homeowners flood the market with new inventory in a last-ditch attempt to escape rising fees on their units, according to new Redfin data. Eight out of the 10 U.S. metropolitan areas with the highest share of condos sold below their original list price in February were in the Sunshine State, a report showed, with Miami topping the list. A staggering 92.5 percent of condo owners in the South Florida city fetched less than they were hoping for when selling their units. Read the article…………………………….

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