{"id":78440,"date":"2024-08-22T05:30:54","date_gmt":"2024-08-22T12:30:54","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=78440"},"modified":"2024-08-21T15:51:48","modified_gmt":"2024-08-21T22:51:48","slug":"hoa-fees-surge-florida-2024","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/","title":{"rendered":"Condo HOA Fees Surge in Florida Amid Insurance Crisis"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>HOA dues are up more than 15% from a year ago in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the 43 metros Redfin analyzed.\u00a0<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>The Sunshine State is seeing HOA fees jump due to skyrocketing insurance costs and new safety requirements in the wake of the Surfside condo collapse.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Condo sale prices are falling in many parts of Florida as condos become less desirable; they\u2019re down 7% from a year ago in Jacksonville\u2014the biggest decline among the metros Redfin analyzed.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In Tampa, FL, the median monthly homeowners association (HOA) fee jumped 17.2% year over year during the three months ending July 31. That\u2019s the steepest increase among the 43 U.S. metropolitan areas Redfin analyzed, and compares with a median increase of 5.7% across those metros. Next came two other Florida metros: Orlando (16.7%) and Fort Lauderdale (16.2%). HOA fees also rose in West Palm Beach (12.8%), Jacksonville (7.6%) and Miami (5.7%).\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-78447\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Picture1-1-1024x723.png\" alt=\"\" width=\"800\" height=\"565\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Picture1-1-1024x723.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Picture1-1-300x212.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Picture1-1-768x542.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Picture1-1-1536x1084.png 1536w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Picture1-1.png 1700w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Redfin analyzed condo\/co-op HOA dues and sale prices on MLS listings in 43 of the most populous metropolitan areas. HOA dues are maintenance fees required by shared housing developments that go toward building repairs, operation costs, staff, amenities like pools and fitness centers, landscaping and more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s common for HOA fees to increase over time as property prices increase, but that\u2019s not what\u2019s happening in Florida. Condo prices are actually falling in many parts of the Sunshine State, in part <\/span><i><span style=\"font-weight: 400;\">because<\/span><\/i><span style=\"font-weight: 400;\"> HOA fees have surged so much. There are two primary reasons HOA dues are on the rise:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>The Surfside condo collapse: <\/b><span style=\"font-weight: 400;\">On June 24, 2021, a 12-story condo building in Surfside, FL (part of the Miami metro area) partially collapsed, killing nearly 100 people. As a result, Florida on May 26, 2022 signed into law Senate Bill <\/span><a href=\"https:\/\/www.flsenate.gov\/Session\/Bill\/2022D\/4D\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">4-D<\/span><\/a><span style=\"font-weight: 400;\">, which requires structural inspections for condos and additional money to be set aside for repairs. Many homeowners associations are hiking fees in order to comply with the new safety regulations, and also doling out hefty special assessments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Skyrocketing insurance costs:<\/b><span style=\"font-weight: 400;\">\u00a0 Florida is the epicenter of the housing insurance crisis. Premiums have soared as natural disasters have intensified and insurers have stopped doing business in the state. Some homeowners associations are raising dues to help cover the increase in insurance costs. Nearly three-quarters of Florida homeowners say they\u2019ve seen a rise in insurance costs or changes in coverage, <\/span><a href=\"https:\/\/www.redfin.com\/news\/home-insurance-survey-report-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">according<\/span><\/a><span style=\"font-weight: 400;\"> to a recent Redfin-commissioned survey.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Inflation, which has been growing <\/span><a href=\"https:\/\/fred.stlouisfed.org\/graph\/?id=CUURA320SEHA,CUUSA320SEHA,CUUSA320SA0,CUUSA321SA0S\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">quickly<\/span><\/a><span style=\"font-weight: 400;\"> in Florida, is another reason HOA dues are climbing, as it means the cost of maintenance and repairs is rising.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cMany buildings\u2014even those without amenities\u2014now have HOA dues north of $1,000 a month,\u201d <\/span><span style=\"font-weight: 400;\">said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/rafael-corrales\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Rafael Corrales<\/span><\/a><span style=\"font-weight: 400;\">, a <\/span><a href=\"https:\/\/www.redfin.com\/premier\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin Premier<\/span><\/a><span style=\"font-weight: 400;\"> agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/11458\/FL\/Miami\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Miami<\/span><\/a><span style=\"font-weight: 400;\">. \u201cAnd with special assessments getting tacked on, a lot of condo owners who are retired and\/or on a fixed income are being forced to sell and relocate because they can\u2019t keep up with the payments.\u201d<\/span><\/p>\n<h3><strong>Florida condo market summary<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td><b>U.S. metro area<\/b><\/td>\n<td><b>YoY change in median monthly HOA dues: 3 months ending July 31, 2024<\/b><\/td>\n<td><b>Median monthly HOA dues: 3 months ending July 31, 2024<\/b><\/td>\n<td><b>YoY change in median condo sale price: July 2024<\/b><\/td>\n<td><b>Median condo sale price: July 2024<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tampa, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$614<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-4.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$237,750<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orlando, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$467<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$219,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fort Lauderdale, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$611<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-4.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$230,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$652<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$265,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$470<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$270,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Miami, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$835<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$406,000<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">HOA fees in Miami likely posted the smallest increase among major Florida metros because they\u2019re already so expensive. At $835, the median monthly HOA due in Miami is higher than any other metro Redfin analyzed. That\u2019s in part because Miami HOA dues surged during the pandemic, rising as much as 66% during the three months ending May 31, 2021\u2014just before the Surfside condo collapse.\u00a0<\/span><\/p>\n<h3><strong>Condo prices are falling across Florida<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">In Jacksonville, condo sale prices fell 6.6% year over year in July\u2014the biggest decline among the metros Redfin analyzed. It was followed by Tampa, which saw a 4.9% drop. There were also declines in Fort Lauderdale (-4.2%), Miami (-2.2%) and Orlando (-0.5%). By comparison, condo prices posted a median <\/span><i><span style=\"font-weight: 400;\">gain <\/span><\/i><span style=\"font-weight: 400;\">of 1.9% across the 43 metros Redfin analyzed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cCondos are really taking a hit. Prices are hurting,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/eric-auciello\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Eric Auciello<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin sales manager in Tampa. \u201cCondo fees are skyrocketing due to increased insurance costs. These additional fees have adversely affected the value of many units.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tampa has one of the lowest median condo sale prices among the metros Redfin analyzed ($237,750), but some of the highest median monthly HOA dues ($614).<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-78446\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/final-hoa-chart-1-1024x719.png\" alt=\"\" width=\"800\" height=\"562\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/final-hoa-chart-1-1024x719.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/final-hoa-chart-1-300x211.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/final-hoa-chart-1-768x539.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/final-hoa-chart-1-1536x1079.png 1536w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/final-hoa-chart-1.png 1709w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The condo crisis isn\u2019t just impacting Florida. Redfin agents from Seattle to Denver have reported jumps in HOA costs. Some said condo owners are having trouble selling as fees continue to rise.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhen a buyer falls in love with a condo, I make sure they do their homework by researching whether their lender will approve of the HOA,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/julie-zubiate\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Julie Zubiate<\/span><\/a><span style=\"font-weight: 400;\">, a <\/span><a href=\"https:\/\/www.redfin.com\/premier\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin Premier <\/span><\/a><span style=\"font-weight: 400;\">agent in the Bay Area. \u201cLenders look to see whether a condo\u2019s HOA is on the Fannie Mae approved list, and also look into whether the HOA is sufficiently insured and has any special litigation.\u201d<\/span><\/p>\n<h3><strong>Metro-level condo market summary<\/strong><\/h3>\n<p><i><span style=\"font-weight: 400;\">Redfin analyzed the 50 most populous U.S. metropolitan areas. The table below includes the 43 of those metros for which there was sufficient data.\u00a0<\/span><\/i><\/p>\n\n<table id=\"tablepress-416\" class=\"tablepress tablepress-id-416\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>U.S. metro area<\/strong><\/th><th class=\"column-2\"><strong>YoY change in median monthly HOA dues: 3 months ending July 31, 2024<\/strong><\/th><th class=\"column-3\"><strong>Median monthly HOA dues: 3 months ending July 31, 2024<\/strong><\/th><th class=\"column-4\"><strong>YoY change in median condo sale price: July 2024<\/strong><\/th><th class=\"column-5\"><strong>Median condo sale price: July 2024<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Anaheim, CA<\/td><td class=\"column-2\">4.2%<\/td><td class=\"column-3\">$467 <\/td><td class=\"column-4\">4.5%<\/td><td class=\"column-5\">$700,000 <\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Atlanta, GA<\/td><td class=\"column-2\">12.2%<\/td><td class=\"column-3\">$370 <\/td><td class=\"column-4\">3.1%<\/td><td class=\"column-5\">$295,000 <\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Austin, TX<\/td><td class=\"column-2\">-1.0%<\/td><td class=\"column-3\">$305 <\/td><td class=\"column-4\">-1.9%<\/td><td class=\"column-5\">$380,000 <\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Baltimore, MD<\/td><td class=\"column-2\">5.3%<\/td><td class=\"column-3\">$398 <\/td><td class=\"column-4\">2.3%<\/td><td class=\"column-5\">$267,750 <\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Boston, MA<\/td><td class=\"column-2\">4.5%<\/td><td class=\"column-3\">$414 <\/td><td class=\"column-4\">-0.9%<\/td><td class=\"column-5\">$629,500 <\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Charlotte, NC<\/td><td class=\"column-2\">6.3%<\/td><td class=\"column-3\">$310 <\/td><td class=\"column-4\">4.8%<\/td><td class=\"column-5\">$319,500 <\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Chicago, IL<\/td><td class=\"column-2\">2.6%<\/td><td class=\"column-3\">$391 <\/td><td class=\"column-4\">5.7%<\/td><td class=\"column-5\">$280,000 <\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Cincinnati, OH<\/td><td class=\"column-2\">2.7%<\/td><td class=\"column-3\">$283 <\/td><td class=\"column-4\">-2.2%<\/td><td class=\"column-5\">$224,900 <\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Cleveland, OH<\/td><td class=\"column-2\">5.6%<\/td><td class=\"column-3\">$300 <\/td><td class=\"column-4\">6.9%<\/td><td class=\"column-5\">$186,000 <\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Columbus, OH<\/td><td class=\"column-2\">3.7%<\/td><td class=\"column-3\">$280 <\/td><td class=\"column-4\">0.0%<\/td><td class=\"column-5\">$270,000 <\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Dallas, TX<\/td><td class=\"column-2\">7.2%<\/td><td class=\"column-3\">$386 <\/td><td class=\"column-4\">-0.8%<\/td><td class=\"column-5\">$270,000 <\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Denver, CO<\/td><td class=\"column-2\">6.2%<\/td><td class=\"column-3\">$386 <\/td><td class=\"column-4\">1.1%<\/td><td class=\"column-5\">$354,000 <\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Detroit, MI<\/td><td class=\"column-2\">5.2%<\/td><td class=\"column-3\">$326 <\/td><td class=\"column-4\">-0.3%<\/td><td class=\"column-5\">$239,250 <\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Fort Lauderdale, FL<\/td><td class=\"column-2\">16.2%<\/td><td class=\"column-3\">$611 <\/td><td class=\"column-4\">-4.2%<\/td><td class=\"column-5\">$230,000 <\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Fort Worth, TX<\/td><td class=\"column-2\">14.6%<\/td><td class=\"column-3\">$424 <\/td><td class=\"column-4\">8.0%<\/td><td class=\"column-5\">$217,000 <\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Jacksonville, FL<\/td><td class=\"column-2\">7.6%<\/td><td class=\"column-3\">$470 <\/td><td class=\"column-4\">-6.6%<\/td><td class=\"column-5\">$270,000 <\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Kansas City, MO<\/td><td class=\"column-2\">3.2%<\/td><td class=\"column-3\">$391 <\/td><td class=\"column-4\">13.9%<\/td><td class=\"column-5\">$213,000 <\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Las Vegas, NV<\/td><td class=\"column-2\">6.0%<\/td><td class=\"column-3\">$265 <\/td><td class=\"column-4\">8.1%<\/td><td class=\"column-5\">$260,000 <\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Los Angeles, CA<\/td><td class=\"column-2\">8.7%<\/td><td class=\"column-3\">$496 <\/td><td class=\"column-4\">2.0%<\/td><td class=\"column-5\">$663,000 <\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Miami, FL<\/td><td class=\"column-2\">5.7%<\/td><td class=\"column-3\">$835 <\/td><td class=\"column-4\">-2.2%<\/td><td class=\"column-5\">$406,000 <\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Milwaukee, WI<\/td><td class=\"column-2\">8.2%<\/td><td class=\"column-3\">$330 <\/td><td class=\"column-4\">1.9%<\/td><td class=\"column-5\">$275,000 <\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Minneapolis, MN<\/td><td class=\"column-2\">5.4%<\/td><td class=\"column-3\">$548 <\/td><td class=\"column-4\">6.0%<\/td><td class=\"column-5\">$212,000 <\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Montgomery County, PA<\/td><td class=\"column-2\">-9.3%<\/td><td class=\"column-3\">$350 <\/td><td class=\"column-4\">4.5%<\/td><td class=\"column-5\">$265,000 <\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Nassau County, NY<\/td><td class=\"column-2\">3.6%<\/td><td class=\"column-3\">$697 <\/td><td class=\"column-4\">1.1%<\/td><td class=\"column-5\">$431,500 <\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">New Brunswick, NJ<\/td><td class=\"column-2\">3.8%<\/td><td class=\"column-3\">$330 <\/td><td class=\"column-4\">7.2%<\/td><td class=\"column-5\">$445,000 <\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">Oakland, CA<\/td><td class=\"column-2\">4.5%<\/td><td class=\"column-3\">$537 <\/td><td class=\"column-4\">4.3%<\/td><td class=\"column-5\">$600,000 <\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">Orlando, FL<\/td><td class=\"column-2\">16.7%<\/td><td class=\"column-3\">$467 <\/td><td class=\"column-4\">-0.5%<\/td><td class=\"column-5\">$219,000 <\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">Philadelphia, PA<\/td><td class=\"column-2\">6.3%<\/td><td class=\"column-3\">$501 <\/td><td class=\"column-4\">-0.7%<\/td><td class=\"column-5\">$300,000 <\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">Phoenix, AZ<\/td><td class=\"column-2\">6.0%<\/td><td class=\"column-3\">$318 <\/td><td class=\"column-4\">-0.2%<\/td><td class=\"column-5\">$292,500 <\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Pittsburgh, PA<\/td><td class=\"column-2\">0.0%<\/td><td class=\"column-3\">$325 <\/td><td class=\"column-4\">-2.8%<\/td><td class=\"column-5\">$240,000 <\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Portland, OR<\/td><td class=\"column-2\">1.4%<\/td><td class=\"column-3\">$438 <\/td><td class=\"column-4\">-4.3%<\/td><td class=\"column-5\">$335,000 <\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Providence, RI<\/td><td class=\"column-2\">5.2%<\/td><td class=\"column-3\">$335 <\/td><td class=\"column-4\">9.3%<\/td><td class=\"column-5\">$382,500 <\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Riverside, CA<\/td><td class=\"column-2\">3.1%<\/td><td class=\"column-3\">$418 <\/td><td class=\"column-4\">-1.0%<\/td><td class=\"column-5\">$465,000 <\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Sacramento, CA<\/td><td class=\"column-2\">13.1%<\/td><td class=\"column-3\">$396 <\/td><td class=\"column-4\">-1.4%<\/td><td class=\"column-5\">$385,000 <\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">San Antonio, TX<\/td><td class=\"column-2\">2.4%<\/td><td class=\"column-3\">$348 <\/td><td class=\"column-4\">-2.2%<\/td><td class=\"column-5\">$199,000 <\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">San Diego, CA<\/td><td class=\"column-2\">7.1%<\/td><td class=\"column-3\">$450 <\/td><td class=\"column-4\">5.0%<\/td><td class=\"column-5\">$627,000 <\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">San Francisco, CA<\/td><td class=\"column-2\">5.3%<\/td><td class=\"column-3\">$698 <\/td><td class=\"column-4\">8.2%<\/td><td class=\"column-5\">$1,050,000 <\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">San Jose, CA<\/td><td class=\"column-2\">9.2%<\/td><td class=\"column-3\">$545 <\/td><td class=\"column-4\">-3.2%<\/td><td class=\"column-5\">$750,000 <\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">Seattle, WA<\/td><td class=\"column-2\">7.8%<\/td><td class=\"column-3\">$519 <\/td><td class=\"column-4\">6.9%<\/td><td class=\"column-5\">$502,500 <\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">Tampa, FL<\/td><td class=\"column-2\">17.2%<\/td><td class=\"column-3\">$614 <\/td><td class=\"column-4\">-4.9%<\/td><td class=\"column-5\">$237,750 <\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">Warren, MI<\/td><td class=\"column-2\">7.1%<\/td><td class=\"column-3\">$300 <\/td><td class=\"column-4\">2.1%<\/td><td class=\"column-5\">$245,000 <\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">Washington, D.C.<\/td><td class=\"column-2\">6.4%<\/td><td class=\"column-3\">$509 <\/td><td class=\"column-4\">3.8%<\/td><td class=\"column-5\">$379,000 <\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">West Palm Beach, FL<\/td><td class=\"column-2\">12.8%<\/td><td class=\"column-3\">$652 <\/td><td class=\"column-4\">1.9%<\/td><td class=\"column-5\">$265,000 <\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\"><strong>Median of aforementioned metros<\/strong><\/td><td class=\"column-2\"><strong>5.7%<\/strong><\/td><td class=\"column-3\"><strong>$398 <\/strong><\/td><td class=\"column-4\"><strong>1.9%<\/strong><\/td><td class=\"column-5\"><strong>$292,500 <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-416 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>HOA dues are up more than 15% from a year ago in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the 43 metros Redfin analyzed.\u00a0 The Sunshine State is seeing HOA fees jump due to skyrocketing insurance costs and new safety requirements in the wake of the Surfside condo collapse. [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":73297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[27,8],"tags":[565,630,687,40,20,623],"dashboard":[],"coauthors":[125,115,688],"class_list":["post-78440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordability","category-housing-market-news","tag-climate","tag-climate-change","tag-condos","tag-environmental","tag-housing-affordability","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Condo HOA Fees Surge in Florida Amid Insurance Crisis<\/title>\n<meta name=\"description\" content=\"HOA dues are up more than 15% in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the metros Redfin analyzed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Condo HOA Fees Surge in Florida Amid Insurance Crisis\" \/>\n<meta property=\"og:description\" content=\"HOA dues are up more than 15% in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the metros Redfin analyzed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-22T12:30:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/10\/miami-g6eb146d22_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lily Katz, Sheharyar Bokhari, Grishma Bhattarai\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lily Katz, Sheharyar Bokhari, Grishma Bhattarai\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/\"},\"author\":{\"name\":\"Lily Katz\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/61b1278179ed9d76570212c0c595396f\"},\"headline\":\"Condo HOA Fees Surge in Florida Amid Insurance Crisis\",\"datePublished\":\"2024-08-22T12:30:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/\"},\"wordCount\":858,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/miami-g6eb146d22_1920.jpg\",\"keywords\":[\"climate\",\"climate change\",\"condos\",\"Environmental\",\"Housing Affordability\",\"national\"],\"articleSection\":[\"Affordability\",\"Housing Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/\",\"name\":\"Condo HOA Fees Surge in Florida Amid Insurance Crisis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/miami-g6eb146d22_1920.jpg\",\"datePublished\":\"2024-08-22T12:30:54+00:00\",\"description\":\"HOA dues are up more than 15% in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the metros Redfin analyzed.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/miami-g6eb146d22_1920.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/miami-g6eb146d22_1920.jpg\",\"width\":1800,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hoa-fees-surge-florida-2024\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Condo HOA Fees Surge in Florida Amid Insurance Crisis\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/61b1278179ed9d76570212c0c595396f\",\"name\":\"Lily Katz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg170bf170d167b138a07120b77fbb41ab\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg\",\"caption\":\"Lily Katz\"},\"description\":\"As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/lily-katzredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Condo HOA Fees Surge in Florida Amid Insurance Crisis","description":"HOA dues are up more than 15% in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the metros Redfin analyzed.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/","og_locale":"en_US","og_type":"article","og_title":"Condo HOA Fees Surge in Florida Amid Insurance Crisis","og_description":"HOA dues are up more than 15% in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the metros Redfin analyzed.","og_url":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2024-08-22T12:30:54+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/10\/miami-g6eb146d22_1920.jpg","type":"image\/jpeg"}],"author":"Lily Katz, Sheharyar Bokhari, Grishma Bhattarai","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Lily Katz, Sheharyar Bokhari, Grishma Bhattarai","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/"},"author":{"name":"Lily Katz","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/61b1278179ed9d76570212c0c595396f"},"headline":"Condo HOA Fees Surge in Florida Amid Insurance Crisis","datePublished":"2024-08-22T12:30:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/"},"wordCount":858,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/10\/miami-g6eb146d22_1920.jpg","keywords":["climate","climate change","condos","Environmental","Housing Affordability","national"],"articleSection":["Affordability","Housing Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/","url":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/","name":"Condo HOA Fees Surge in Florida Amid Insurance Crisis","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/10\/miami-g6eb146d22_1920.jpg","datePublished":"2024-08-22T12:30:54+00:00","description":"HOA dues are up more than 15% in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the metros Redfin analyzed.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/10\/miami-g6eb146d22_1920.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/10\/miami-g6eb146d22_1920.jpg","width":1800,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Condo HOA Fees Surge in Florida Amid Insurance Crisis"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/61b1278179ed9d76570212c0c595396f","name":"Lily Katz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg170bf170d167b138a07120b77fbb41ab","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg","caption":"Lily Katz"},"description":"As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.","url":"https:\/\/www.redfin.com\/news\/author\/lily-katzredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/78440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13346"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=78440"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/78440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/73297"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=78440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=78440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=78440"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=78440"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=78440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}