condominium

It might be a buyers market for condos, but buyers are not too interested thanks to reforms and financing difficulties. Meanwhile, demand for homes underpins that market, creating a further gulf between the markets for condos and single family home in the region.

South Florida home prices are among the most expensive in the nation. The region is also home to some of the highest interest rates for buyers borrowing money to buy a home or condo.

Saying they are responding to residents’ concerns about rising costs, the Florida Legislature last week signed off on proposed changes to condominium-safety laws passed after the 2021 collapse of the Champlain Towers South building in Surfside that killed 98 people.

The new year was off to a messy start for South Florida condo sales. Palm Beach County was a small bright spot. Home prices kept climbing to new records, though.

The regional condo market is trying to find some equilibrium as it deals with financial reforms. The number of South Florida condos sold in December continued falling, but at a slower pace than past months. Median prices for single family homes hit new records in Miami-Dade County.

Experts called the study a “game changer” that raises a host of questions about development on vulnerable barrier islands.

Conform reform laws passed after the tragic collapse of the Champlain Towers South condo building in Surfside, Florida in 2021 require structural examinations, and for associations to build their reserve funds for maintenance and repairs. Experts discussed the topic on The Florida Roundup.

Florida House Speaker Daniel Perez, a Cuban American lawyer, outlines plans for fiscal belt tightening and condominium issues in the upcoming 2025 regular session. “We talk about being fiscally responsible. But are we?"

In the wake of a tragic 2021 building collapse, lawmakers are requiring condos to fund restoration projects. The bills are crippling homeowners.

During a roundtable discussion on the issue Thursday, the governor spoke with Florida condo owners.

Some blame new state condo laws, which changed in response to the Surfside condo building collapse of 2021, for causing the current condo crisis.

The number of condos for sale across South Florida is rising. Most of them are at least 30 years old and face a New Year's Eve deadline for reforms put in after the Surfside tragedy.