Florida’s Condo Crisis: HOA Fees Surge as Insurance Costs Soar

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Photo byRedfin.com

In a dramatic turn of events, Florida’s condo market is grappling with soaring homeowners association (HOA) fees that have surged more than 15% in major cities like Tampa, Orlando, and Fort Lauderdale. This stark rise contrasts sharply with the more modest national average increase of 6%, underscoring a crisis gripping the Sunshine State.

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