Category Archives: Florida News

HOA and Condo-Related Squabbles Result in Problems with Securing Insurance

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 issues,…

Florida’s growing condo crisis amid upcoming association deadlines

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…

Florida Private Property Rights Protected By New Law

Florida Private Property Rights are protected by a new law that goes into effect on July 1st of this year. This much-needed law will help homeowners remove illegal squatters from the property they own. It is intended to help owners reclaim their property quickly as long as certain conditions apply. To read more about the…

March 2024 Market Update Palm Beach County

The March 2024 Market Update for Palm Beach County indicates that as the moving season draws near, inventory is increasing. Palm Beach County's property listings have risen to 5,066, marking a 30.7% increase from last year. The county now has a 4.4-month supply of inventory, up 37.5% as buyers evaluate their options. The average sale…