Housing market: Experts project another year of growth for condos and HOAs

Housing market: Experts project another year of growth for condos and HOAs

Projections from the Foundation for Community Association Research, an affiliate of Community Associations Institute, estimate 3,000 to 4,000 new condominium communities and homeowners associations will be built in 2025. Community associations — including homeowners associations, condominiums, and housing cooperatives — currently house 77.1 million Americans and comprise 30% to 33% of the U.S. housing market. 

Lending transparency: Freddie Mac improves access to information

Lending transparency: Freddie Mac improves access to information

Freddie Mac took a giant step toward transparency last week when it announced sweeping changes to its condominium and housing cooperative financing system. The government-sponsored enterprise that underwrites mortgages is introducing a tool that indicates whether a community is “certified” for financing or “not eligible”—and providing guidance that explains why a community may not be eligible.

Satisfaction survey: Homeowners overwhelmingly happy with community association living

Satisfaction survey: Homeowners overwhelmingly happy with community association living

Maintenance-free, safety, and cleanliness are top features that make community associations a popular choice and lifestyle for millions of Americans, according to results from the 2022 Homeowner Satisfaction Survey. The overwhelming majority (89%) of homeowners and condominium association residents rate their overall experience of living in a community association as “very good” or “good” (67%), or neutral (22%).

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