Facing South Florida for Dec. 3: The Florida HOA Crisis
We devote the entire half hour to the HOA crisis in South Florida and elsewhere in the state.
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We devote the entire half hour to the HOA crisis in South Florida and elsewhere in the state.
We devote the entire half hour to the HOA crisis in South Florida and elsewhere in the state. As the cost of insurance rises, HOAs have been forced to raise fees putting a financial squeeze on homeowners. Corruption is also a concern after leaders of the Hammocks HOA were accused of theft and fraud to the tune of two million dollars. Florida now has the HOA Bill of Rights but critics say its protections don't go far enough. We hear from homeowners from four South Florida HOAs, Miami-Dade State Attorney Kathy Fernandez Rundle and State Rep. Juan Carlos Porras of Miami-Dade County who plan on introducing a stronger HOA Bill of Rights in the upcoming legislative session.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
But people in states at risk of extreme weather, like Florida, are seeing much larger increases.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
"Home has not been cleared of contamination and will be transferred to the new buyer in its current state," the listing says.
Despite the housing crisis facing South Floridians, there are still thousands of unoccupied homes in Miami.
As 2023 draws to an end, it is clear that South Florida's real estate market continues to change but what is unclear is what direction it will take.
Everything about financing a home purchase surged last year
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
Prices rose in the Northeast, Midwest, and South but were unchanged in the West
July's housing figures reverse a five month trend of falling home prices.
After nine months of leading metro areas across the country in year-over-year increases in home prices, Miami fell out of the top spot in May
June is National Homeownership Month and with rising interest rates and home costs, getting to own a home is becoming more and more costly.
The median existing home price was $396,100 last month, down from 3.1% from a year ago
The average renter in Miami must make a six-figure salary to avoid being classified as rent burdened, according to a new report from researchers at Florida Atlantic University and two other schools.
Miami continued to top other metro areas nationally in home-price increases in March when compared to a year earlier, according to a report released Tuesday.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Home prices went up slightly in February.
Guests: Eileen Higgins/MIAMI-DADE COUNTY COMMISSIONER
City of Oakland Park commissioners want to help keep home prices within the reach of people in their community.
Trish Christakis reports those who can afford homes, who are making over six figures, still aren’t purchasing because of the steep prices and they don’t think it's worth the investment because of the record high mortgage rates.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
The Atlanta area was the third-highest
The Broward nonprofit Handy partners with Publix to help South Florida teens prepare for the workforce.
Thieves in a white Comcast van were caught on camera stealing motorcycles from apartment garages in South Florida, connecting two victims online and prompting local investigations.
Federal authorities say the sweeping crackdown targeted online piracy networks during the 2026 FIFA World Cup, including matches played in Atlanta and Miami.
Prosecutors say Joel Leiniz was driving more than 100 mph in a 40 mph zone with his three daughters in the car when the January crash happened. She died, while his other two daughters lived.
Waymo says thousands of soccer fans relied on its autonomous vehicles during the FIFA World Cup in Miami.
The Broward nonprofit Handy partners with Publix to help South Florida teens prepare for the workforce.
For this year, lawmakers moved the discount dates to July 20 through Aug. 20.
Thieves in a white Comcast van were caught on camera stealing motorcycles from apartment garages in South Florida, connecting two victims online and prompting local investigations.
Federal authorities say the sweeping crackdown targeted online piracy networks during the 2026 FIFA World Cup, including matches played in Atlanta and Miami.
Prosecutors say Joel Leiniz was driving more than 100 mph in a 40 mph zone with his three daughters in the car when the January crash happened. She died, while his other two daughters lived.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Sen. Darline Graham, who is serving out the remainder of the late Sen. Lindsey Graham's term in the Senate, said she will seek a full term for the South Carolina seat her brother held for more than two decades.
Homeland Security Investigations is an arm of ICE, meaning the immigration enforcement agency would effectively be investigating incidents involving its own agents.
This is the first time in more than 150 years that a vice president's family had a child while in office.
Sen. Mark Warner said he'll vote against Jay Clayton as director of national intelligence, citing disappointment in his testimony at a confirmation hearing last week despite his previous optimism about the nominee.
The sordid life of Fabian Basabe is one CBS Miami first began covering on this show three years ago.
The sordid life of Fabian Basabe is one CBS Miami first began covering on this show three years ago.
Larkin spoke this week to CBS News Miami's Jim DeFede.
Dotie Joseph said after talking with neighbors and looking at the field, she thinks she has plenty of experience to assume the governorship.
Perhaps the most controversial cut DeSantis made was the $15 million that would have gone to fund security efforts at Catholic schools in Miami-Dade County.
The likely Republican candidate for governor, Congressman Byron Donalds, said he would vote for it, but as he told CBS Miami's Jim DeFede, if it does fail, they will tackle the issue again next year.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
A recall has been issued for frozen blueberries sold at Publix stores in Georgia, Florida and other Southern states after 12 people became sick, the FDA says.
A new Florida law requires drug prescribers to complete sickle cell training, aiming to improve care and address stigma faced by patients.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
A lawyer says influencer brothers Andrew and Tristan Tate will fight extradition to the United Kingdom.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
A total of 22,141 fans wore the caps in London's Hyde Park on Friday ahead of his set at the British Summer Time festival.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.