While home purchases by investors rose 2 percent annually in the first quarter — to 46,726 transactions — condo sales declined by 3 percent, to just 8,509 units, according to data released Wednesday by Redfin.
Source: Inman News
Condo sales fall to 10-year low amid surge in insurance costs, HOA fees
Published in california, Climate-related Disasters, condo sales, condos, coronavirus pandemic, florida, fort lauderdale, Fort Lauderdale real estate, Homebuyer competition, homebuying, Homeowner Association Fees, inman, investment activity, investor purchases, investors, market share, Markets & Economy, miami, miami condos, News Brief, orlanda, orlando, real estate investors, Redfin, Redfin Senior Economist Sheharyar Bokhari, Select, Sheharyar Bokhari, single-family homes, townhouses and washington d.c.
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