HOA, condo real estate housing trends (Sept 2019 update)

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By Deborah Goonan, Independent American Communities debgoonan@icloud.com A brief summary of housing consumer preferences, the growth of the rental housing market, and state laws changing the property rights of homeowners and their HOAs.   Where do home buyers prefer to live? Once again, according to recent National Association of Home Builders (NAHB) surveys, a majority of home buyers in all generations prefer to live in the suburbs. Here’s how the percentage of home buyers who Continue ReadingHOA, condo real estate housing trends (Sept 2019 update)

HOA, condo, co-op News Roundup (Sept. 1, 2019)

By Deborah Goonan, Independent American Communities   New HOA laws in SC don’t rein in corruption; FL HOA to fine police officer for parking violation; NE residents fear their road will collapse into a cavern below; bankrupt condo association living with blue tarps over their rooftops.   Say it isn’t so! New HOA laws don’t help homeowners (SC) State Rep. Russell Fry tells WMBF’s investigative reporter that he knows HOA statutes, which became effective January Continue ReadingHOA, condo, co-op News Roundup (Sept. 1, 2019)

How will changes in FHA financing affect condo homebuyers?

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By Deborah Goonan, Independent American Communities   FHA to ease condo financing, claims it will boost homeownership If you’ve been following housing news over the past several years, you’ve probably read many articles on proposed revisions to FHA financing. The HOA-industry, including trade group Community Associations Institute (CAI) and the National Association of Realtors (NAR) have been pushing their agenda to ease mortgage qualification standards for condos for several years. Now it looks like stakeholders Continue ReadingHow will changes in FHA financing affect condo homebuyers?

States enact new laws regulating short-term vacation rentals (AZ, MA, WA – 2019)

By Deborah Goonan, Independent American Communities City and town governments have been regulating short-term and vacation rentals for several years, especially with the growing popularity of online rental platforms such as Airbnb, HomeAway, VRBO, and others. The battle over short-term rentals is controversial, often pitting neighborhood residents against owners and investors who earn substantial profit sharing their home. Local regulation typically results in inconsistent, piecemeal regulations from town to town. Not wanting to miss out Continue ReadingStates enact new laws regulating short-term vacation rentals (AZ, MA, WA – 2019)