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Palm Beach County set to tackle big problem: Affordable housing
Source: The Palm Beach Post Verdenia Baker hears it from business executives. She hears it from elected officials. She even hears it when she’s at the grocery store. “I often hear, ‘What are you going to do about housing?’” the Palm Beach County administrator said. Read more…
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Does South Florida lead nation in gap between wages and housing?
Source: PolitiFact South Florida’s housing market spans the gamut of tony gated oceanfront mansions for millionaires and some downtrodden neighborhoods. That’s not unusual for a major urban area. But is it worse in South Florida than elsewhere in the nation? Read more…
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Broward giving away land for affordable housing
Source: Sun Sentinel Affordable housing is so hard to find in South Florida that Broward County is giving away 40 vacant lots so more working-class homes can be built. The effort is the latest designed to create places to live for families being priced out of home ownership because of the region’s high real-estate prices.…
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Attack of the Killer HOA Fees
Source: Trulia Homeowners association fees have been on the rise throughout the country. In 2005, the average monthly HOA fee among all households in the country stood at $250. By 2015, the average fee was $331, a pace that’s not only outpaced the nation’s housing prices, but exceeded the inflation rate by 5.9%. Read more…
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Land trusts bring affordable housing to eligible buyers
Source: Sun Sentinel Community land trusts can help fill the gap of affordable housing in South Florida, though the nonprofit programs struggle with funding and attention, officials said Friday. Read more…
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Cheap no more: Florida ranks as one of least affordable housing markets in Realtors’ new measure
Source: The Palm Beach Post It’s no surprise that property is prohibitively priced in Hawaii and California, or that homes are very affordable in Indiana. But here’s a shocker, from a new affordability measure by the National Association of Realtors and Realtor.com: Florida no longer is a bastion of cheap housing. Read more…
