New Fannie Mae guidance under Lender Letter LL-2026-03 offers South Florida condominium associations more flexibility on insurance deductibles and master policy structures, potentially lowering insurance costs. This may help more associations qualify for conventional financing, stabilize property values, and redirect funds toward reserves and maintenance. The shift ties financing eligibility to a building's financial health, emphasizing reserve funding, maintenance, and insurance planning for market stability.
With the recent changes to lending rules, Florida’s condo market is seeing a significant shift.…
After more than 30 years navigating Florida’s dynamic real estate landscape, I’ve seen how market…
A shift in consumer confidence is underway: by mid-Q3, Americans felt more optimistic about current…
After over three decades working closely with buyers and sellers, I’m seeing a notable shift:…
July brought another month of steady momentum for Florida real estate, marking the 11th consecutive…
Florida is considering significant property tax changes that could impact homeowners and investors alike. A…