11/16/2024
It is getting more costly to be in a homeowners association or condo.
Dues are rising faster than inflation for many of the roughly 76 million residents of communities that keep shared pots to pay for expenses. The money pays for things like pools, recreational facilities and landscaping, as well as upkeep and insurance for the association.
“Buyers are spending much of their monthly payment on things other than the property itself,” said Joel Berner, senior economist at Realtor.com.
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