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Florida condo owners are cutting their selling price as they try to move out before they are forced to pay upcoming repair costs. Florida law requires larger maintenance reserves after the Surfside condo collapse. Florida hit by 'worst real estate crisis in decades' as desperate condo owners slash prices by up to 40%: 'It's paradise lost' | Daily Mail Online As Florida Condo Prices Fall, What’s a Condo Seller to Do? | Kiplinger Miami-Dade, Broward condo sales down in real estate report | Miami Herald Elliman Report: Florida New Signed Contracts 6-2024 | Miller Samuel Real Estate Appraisers & Consultants Elliman Report: Florida New Signed Contracts 7-2024 | Miller Samuel Real Estate Appraisers & Consultants Florida Condos & Apartments For Sale - 28405 Listings | Zillow Inside South Florida’s branded condo tower boom | ISG World  posted January 12, 2023 -- no new articles since then. FLASHBACK New details shed light on cause of Surfside condo collapse | WF...

The average rate on a 30-year mortgage has been stuck near 7% since the middle of April 2024.  In the four weeks ended May 26, 2024, the median sale price was up 4.3% from a year earlier to a record $390,613, according to Redfin.  Median asking price $416,623. Pending sales down 3.4%. New listings up 7.8%. Active listings up 15.2% (highest level since December 2022). Median mnthly mortgage payment $2812 at a 6.94% mortgage rate up 7.3%. Nationwide on average, 6.4% of home sellers dropped their asking price during the four weeks ending May 26,  2024  the highest share since November 2022. Homebuyers Are Starting to Revolt Over Steep Prices Across US  - Yahoo! Finance Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand  - Redfin