“Then I did analysis once more, they usually got here again, and I mentioned, Massachusetts has the identical precise language that Florida does, permitting unit homeowners to waive reserves on an annual foundation, however this geotargeting coverage does not apply to Massachusetts,” she mentioned. “After which they got here again and mentioned, ‘It is proprietary data.’ I really feel that with this specific concern, the goalposts maintain getting moved, and we do not actually get a great, clarified reply.
“Pulte is there”
Folks in Florida are hopeful that with Pulte main Fannie Mae and Freddie Mac now, perhaps this regulation will probably be eliminated and the state will probably be introduced according to the opposite 49.
“We’ve lots of people within the Trump administration, and so Congressman Donalds has written this letter,” Blake mentioned. He has written this letter from the attitude of, why is Florida being handled otherwise than the opposite 49 states. And that’s actually the reply we wish, ‘Are you able to give us a confirmed reply as to why?”
“For us, for our native markets, it doesn’t make sense to our affiliation and to our members, why we now have a special coverage for Florida.”
Within the letter, Donalds notes that as of March 4, 2025, there have been 17,186 condominiums and townhouses priced at $400,000 or much less in Broward, Miami-Dade, and Palm Seashore Counties. This was in comparison with simply 799 single-family properties in the identical worth vary.
