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

Real estate home buyer key

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)

Three outrageous HOA lawsuits (March 2019)

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By Deborah Goonan, Independent American Communities This month: an Oregon HOA wants to end mandatory contributions to a builder’s nonprofit; a Pennsylvania homeowner appeals a case that seems like an obvious condo board conflict of interest; and the Texas AG fights an HOA’s attempt to incorporate as a city. Do you know what those closing fees are for? Buying  a home is expensive. In addition to the purchase price, a buyer is likely to pay Continue ReadingThree outrageous HOA lawsuits (March 2019)

HOA, condo & co-op Golf Community Updates (Feb. 2019)

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 By Deborah Goonan, Independent American Communities This month: more HOA lawsuits against golf course owners seeking to develop their land. But one Florida community votes to tax themselves to purchase and maintain a golf course from the developer. Oregon: Did HOA use reserve funds to pay for lawsuit against golf course developers? The owners of Creekside Golf Club thought their legal dispute over redevelopment was over in May 2017. That’s when a judge ruled in Continue ReadingHOA, condo & co-op Golf Community Updates (Feb. 2019)

Think your HOA townhouse is convenient, maintenance free? Think again.

By Deborah Goonan, Independent American Communities In some parts of the country, the real estate industry is marketing townhouses to first time homebuyers and retirees looking to downsize. Builders are also putting up townhouses in vacation destinations. Several times per month I hear from homebuyers that are considering buying a townhouse, because they do not want to do yard work or exterior maintenance. Some are growing older, others work long hours or travel often, some Continue ReadingThink your HOA townhouse is convenient, maintenance free? Think again.