Florida
Florida homeowners have no choice but to lower condo prices as insurance and HOA fees 'skyrocket,' Redfin says
Hurricanes and homeowners’ associations have cooled Florida’s hot condo market. Condo homeowners have been forced to lower their listing prices to offload their properties—going against the national trend of rising condo prices, a Redfin report published Monday shows.
Condo prices in Jacksonville dropped nearly 7% year-over-year, while Miami’s decreased almost 3%. Meanwhile, average U.S. condo list prices are up over 8%, according to Redfin. The major culprit? Climbing costs associated with owning a condo in Florida, namely surging insurance and HOA costs in the aftermath of the collapse of the Champlain Towers South condominium in Surfside, Fla., experts say. In 2021, the beachfront condo building collapsed and killed 98 people.
“Two events happened recently that affected the Florida housing market: Hurricane Ian in 2022 and the Champlain Towers collapse in 2021,” Craig Stunicky, founder and CEO of South Florida luxury real estate firm ISG World, tells Fortune. “In reaction to the hurricane, flood insurance rates went up.”
Now, the state of Florida requires that all condos have “adequate reserve for replacements,” Stunicky says, meaning that condo associations must have enough money on reserve to replace structures. Take a roof’s lifespan, for example, which is about 25 years. “If the estimated replacement cost for a roof is $2 million, the association must collect $80,000 annually to accumulate the replacement cost by the end of the 25-year period,” according to insurance firm CRC Group.
Needing that cash on hand makes HOA fees higher—and more condo properties out of reach for homebuyers.
“Realtors are not selling the properties well,” Stunicky says. “The single-family home market sales are not affected as much, although flood insurance has doubled or even tripled. South Florida is unique because there is very little inventory and huge demand, so condos are really being affected.”
Where and why condo prices are falling
Jacksonville, Miami, and Orlando condos have seen the most significant price drops during the past year, according to Redfin data. Jacksonville condo owners slashed prices 6.5%, Miami prices dropped 2.5%, and Orlando’s fell nearly 5%.
Meanwhile—as Stunicky says—single-family homes are faring better, meaning that their prices have actually increased. In Miami, for example, the median sale price of single-family homes increased by double digits year-over-year, sales rose by 9%, and new listings also shot up 13%, according to Redfin.
Condo sales, on the other hand, are slow because the cost of both buying and owning a condo has surged. Homeowners insurance in Florida increased about 40% year-over-year in 2023—and a whopping 102% during the past three years, according to the Insurance Information Institute.
Florida insurance costs three times the national average, which clocks in at $1,759 per year for $250,000, according to Bankrate. While HOA fees can vary greatly from building to building, the costs can be “shocking,” Juan Castro, a real estate agent in Orlando, told Redfin. In some cases, condos that once had a $400 monthly maintenance fee may now have a $700 fee, which is “causing buyers to rethink their plans.”
And real estate investor Elena Nuñez Cooper says that condos don’t typically have a cap on HOA fees, and many people can buy a single-family home for “less than what most luxury condos cost, not even including HOA fees.”
Especially for millennials, “an ever-increasing HOA fee may not be feasible for budget reasons versus a home price that’s locked in via a mortgage,” Cooper says.
With insurance and HOA fees as high as they are, sellers have little choice but to lower their listing prices as condo ownership becomes less attractive—and affordable.
“These increased expenses, paired with economic uncertainties like inflation and potential interest rate hikes, are prompting potential buyers to exercise caution,” Matt Dunbar, senior vice president of the southeast region for Churchill Mortgage, tells Fortune. “As a result, the higher financial burden associated with condos is leading buyers to explore other housing options that may offer more financial benefits and fewer ongoing expenses.”
The new versus the old
While condo prices are falling and are becoming less attractive to some buyers, they’re by no means an obsolete housing type in Florida. Stunicky says that existing properties that are less than 10 years old are “extremely popular” among condo homebuyers, but “if we are considering condos that are pre-construction, that is a different story.”
New condos aren’t as popular anymore because they typically come with a higher price tag, Stunicky says. Once a property is valued at more than $2 million, it’s more difficult to find Latin American buyers, who dominate that housing market.
“We are seeing more Latin American buyers in Orlando than in South Florida,” Stunicky says. “The American buyer is still interested in properties over $2 million, but is concerned with the date of delivery for these properties. For buyers, a huge concern is not the architecture, design, or location, but rather the timing.”
Florida
Florida’s complete 2026 football schedule unveiled
GAINESVILLE, Fla. — The 2026 football schedule for the Florida Gators has been set. Next year’s slate was unveiled Thursday night on SEC Network.
The most notable dates are Florida’s SEC opener on Sept. 19 — a Week 3 trip to Auburn, where the Gators haven’t played since 2011 — along with a road game at Texas on Oct. 17 and home games against Ole Miss (Sept. 26) and Oklahoma (Nov. 7).
Next season will mark the Sooners’ first-ever visit to Gainesville. The teams have previously played twice in the postseason, with the Gators defeating Oklahoma 24-14 in their first-ever meeting to win the 2008 national championship.
The Gators open the season in The Swamp on Sept. 5 against Florida Atlantic. UF’s other non-conference opponents will be Campbell (Sept. 12) and at Florida State (Nov. 28).
Florida is also hosting South Carolina (Oct. 10) and Vanderbilt (Nov. 21). The Gators haven’t played the Gamecocks or the Commodores since 2023.
UF takes on Georgia in Atlanta on Oct. 31 after the bye week. Florida’s other road games are Missouri (Oct. 3), Texas (Oct. 17) and Kentucky (Nov. 14).
The Gators will be led by first-year coach Jon Sumrall. He won the American Conference title with Tulane last week and has the Green Wave in the College Football Playoffs. They will have a rematch against Ole Miss on Dec. 20 in the first round after losing in Oxford, 45-10, on Sept. 20.
Sumrall was back in Gainesville this week to assemble his staff. So far, he has hired offensive coordinator Buster Faulkner, defensive coordinator Brade White and defensive line coach Gerald Chatman.
Date
Opponent
Location
Sept. 5
Florida Atlantic
Gainesville, Florida
Sept. 12
Campbell
Gainesville, Florida
Sept. 19
at Auburn
Auburn, Alabama
Sept. 26
Ole Miss
Gainesville, Florida
Oct. 3
at Missouri
Columbia, Missouri
Oct. 10
South Carolina
Gainesville, Florida
Oct. 17
at Texas
Austin, Texas
Oct. 24
Bye
Oct. 31
Georgia
Atlanta, Georgia
Nov. 7
Oklahoma
Gainesville, Florida
Nov. 14
at Kentucky
Lexington, Kentucky
Nov. 21
Vanderbilt
Gainesville, Florida
Nov. 28
at Florida State
Tallahassee, Florida
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Florida
Florida basketball has failed to meet expectations early on
A 5-4 start to Florida basketball’s national title defense is not what anyone had in mind — much less, the Gator Nation — but here we are nine games deep into the 2025-26 schedule.
To be fair, three of those losses have come against programs currently ranked among the top five in both major polls and have been off to stellar starts. The Arizona Wildcats, Duke Blue Devils and UConn Huskies are nothing to sneeze at, and while the TCU Horned Frogs are not quite on their tier, all of these losses came either on the road (Duke) or on a neutral court (the other three).
Maybe Todd Golden should reconsider playing in all of these early-season special events in the future. But alas, that is a story for another season.
ESPN thinks Florida has failed to meet expectations
Obviously, with a dominating frontcourt roster returning in full, there was plenty to be optimistic about heading into the campaign. However, the departure of three guards to the NBA and a fourth to the transfer portal has proven to be a void too large to fill with their offseason acquisitions.
And that is the crux of ESPN’s Myron Medcalf’s observation that the Gators have simply not met the bar so far.
“Months after winning a national title with an elite set of guards, Florida’s Todd Golden rebooted his backcourt with former Arkansas star Boogie Fland and Princeton transfer Xaivian Lee,” he begins.
“It hasn’t worked out as planned. In Florida’s two-player lineups — an on-court metric at EvanMiya.com that captures how teams perform when specific players are paired together — the Fland-Lee combination ranked 26th within its own team,” Metcalf continues.
“And though Lee scored 19 points against UConn in Tuesday’s game at Madison Square Garden, that loss was another example of the Gators’ limitations when Lee and Fland (1-for-9 combined from 3 against the Huskies) aren’t equally elite on the same night.”
He has not liked what he has seen, and his conclusion is not necessarily unfair.
“Ultimately, Florida hasn’t looked like a defending champion thus far, despite Thomas Haugh (18.6 PPG, 7.6 RPG, 2.8 APG) playing like an All-American.”
How does the NET, BPI and KenPom view Florida basketball?
While Medcalf’s assessment comes fully equipped with dark clouds, the objective metrics paint a much more optimistic outlook for the team overall.
According to the NET rankings, Florida is just inside the top 25 at No. 24 — one spot ahead of the Miami Hurricanes, who they beat in Jacksonville back in November. The Gators are 1-3 in Quadrant 1 matchups, 1-1 in Quad 2, 1-0 in Quad 3 and 2-0 in Quad 4.
KenPom views the Orange and Blue even more bullishly, ranking Florida at No. 15 despite the weak record. Golden’s gang currently sits at No. 15 with a plus-26.55 adjusted net rating — up from plus-25.70 (17th) at the end of November, while the offense (120.4) moved up from 24th to 23rd in the nation, and the defense (93.8) has only dropped one place — from 10th to 11th — despite allowing 0.6 fewer points per 100 possessions.
The most optimistic metric for Florida comes from ESPN’s Basketball Power Index, which has the Gators at No. 9 despite a 1-3 stretch over the past two weeks. They have an 18.8 overall BPI, with the offense logging in at 8.5 (22nd) and defense earning a 10.3 (8th) rating recently.
ESPN projects Florida to go 21.0-10.0 overall and 12.2-5.8 in conference play.
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Florida
Florida accuses Starbucks of discriminating against White workers
TALLAHASSEE, Fla. – Florida Attorney General James Uthmeier announced on Wednesday that his office is suing Starbucks over what he termed “race-based quotas.”
Uthmeier revealed the suit on social media, claiming that Starbucks used diversity, equity and inclusion (DEI) policies to discriminate in hiring and advancement.
“Starbucks made DEI more than a slogan,” he said. “They turned it into a mandatory hiring and promotion system based on race.”
Starbucks used DEI to implement illegal race-based policies for hiring and advancement.
Using DEI as an excuse to hire, promote, or humiliate an employee based on race violates Florida’s civil rights law, and we just filed a lawsuit to hold Starbucks accountable. pic.twitter.com/e3pK0GguQ0
— Attorney General James Uthmeier (@AGJamesUthmeier) December 10, 2025
In a complaint, state officials listed out their evidence of the alleged discrimination, including the following situations:
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A 2020 public report pushes to hire “people of color” in 40% of retail and distribution center jobs, and 30% of corporate positions by 2025.
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A 2024 report talks about executive bonuses conditioned on certain DEI goals, including mentorship programs and retention rate quotas for “BIPOC” employees. Officials said this was swapped for “belonging” goals in 2025.
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In the same report, shareholders asked Starbucks to create an audit to determine whether the company’s practices were discriminating against “‘non-diverse’ employees” amid concerns over the company’s emphasis on networking opportunities for people with “shared identities.”
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Shareholders similarly expressed that membership in these so-called “Partner Networks” was often based on traits like race, sex and sexual orientation, with no networks for “non-diverse” groups.
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A 2025 report discusses an ongoing goal to increase the number of “people of color” working in management positions and above by at least 1.5% by FY2026.
Because of these incidents, state officials argued that Starbucks’ policies deliberately discriminated against those from certain “disfavored” races — meaning White people and, up until last year, multiracial and Asian people.
This isn’t the first time that Starbucks has faced these sorts of claims, either. In 2023, a White Starbucks employee was awarded over $25 million after she claimed that her race was used as a factor in her firing.
[BELOW: Starbucks around the US close in 2019 for anti-bias training]
Now, state officials are saying they’ve heard from residents in the Sunshine State who reported their own experiences of racial discrimination.
“Florida residents have contacted the Attorney General and reported that (Starbucks) paid them and their white coworkers lower wages because of their race, refused to hire them or promote them because of their race, created a hostile work environment in which Florida residents felt humiliation, and were excluded from certain mentorship or networking programs because of their race,” the complaint reads.
As such, the Attorney General’s office is accusing Starbucks of violating the state’s Civil Rights Act.
[BELOW: Video shows good Samaritans stop man trying to carjack customers at Starbucks in Florida]
By extension, the Attorney General is pushing for injunctive relief, compensation, and $10,000 penalties for each instance of racial discrimination that the company may have committed against a Florida resident, which Uthmeier’s office estimates to be at least in the “tens of millions.”
Starbucks provided a statement to News 6 following news of the lawsuit, which reads as follows:
“We disagree. We are deeply committed to creating opportunity for every single one of our partners (employees). Our programs and benefits are open to everyone and lawful. Our hiring practices are inclusive, fair and competitive, and designed to ensure the strongest candidate for every job, every time.”
Starbucks spokesperson
Meanwhile, you can read the full complaint below.
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