TAMPA, Fla. — While there has been some good news on home prices in recent weeks, the overall numbers continue to show high pricing across the United States.
The S&P Case-Shiller Home Price Index broke the previous month's all-time high in April 2024, according to new numbers released Tuesday. The U.S. National Composite Index grew at a 1.2% clip from March to April and was up 6.3% year-over-year.
Locally, the numbers were a little bit better. Tampa's home price index grew month-over-month in April at a 0.7% rate and 3.6% year-over-year. Both of those numbers were some of the smallest in the country, but that's after being near the top of the country in price gains for the last two-plus years.
According to S&P, the Northeast was the highest performing region in home price gains. The Northeast has been home to the best-performing markets for home price gains for the last nine months. It's the longest sustained price gain seen in that region since 2011 and continues to top the South or West in home price gains.
“You know, it might just be time we take a look if HOAs are really even necessary.
Maybe we should just do away with homeowner associations as a whole.”
South Florida lawmaker Rep. Juan Carlos Porras (R-Miami) says it may be time to do away with homeowners associations altogether, as more Floridians speak out about rising fees, costly lawsuits, and even arrests tied to HOA disputes. He said this week that he is considering filing legislation in the next session that would abolish HOAs statewide.
