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Real estate agents continue to offer a positive outlook for markets like Tampa and Orlando, citing job growth and tourism as critical drivers. Nonetheless, current data indicates that these areas are also witnessing declines in home prices, directly contradicting the predictions of sustained growth.
The HOA Conundrum
A key issue facing homeowners and prospective buyers is the proliferation of HOA (Homeowners Association) communities. Presently, a significant portion of new constructions fall under HOA jurisdiction, raising questions about affordability and community governance. Rising HOA fees and stricter rules can come as an unwelcome surprise to new residents, leading to a discontent that further complicates their financial landscape.