Florida Condo Crisis: No One Wants Them, Not Even The Owners

Many Florida condo associations have been happily plugging along for years pushing needed repairs into the future to avoid hefty fees. That's all coming to an end in 2024 with new condo legislation forcing them to review the structural integrity and save up for big repairs. As a result, owners are listing their condos en masse, causing prices to drop. This surge in listings has caused a huge increase in condo inventory across Florida. What is this going to do to the real estate market?
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