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
How Florida football and Ron Zook spoiled the Bobby Bowden Field dedication 20 years ago
Swampcast talks Florida football hosting No. 9 Ole Miss at The Swamp
The Sun’s Kevin Brockway and David Whitley break down the Florida football-Ole Miss matchup with Sam Hutchens of the Jackson Clarion-Ledger
More than 20 years ago, on Nov. 20, 2004, Florida football rolled into Tallahassee with a lame duck coach and weary team, eager to avenge a loss to rival Florida State from the season before.
What happened on the night that Florida State dedicated the field legendary coach Bobby Bowden inside of Doak Campbell Stadium was surprising to all except those who wore Florida Gators uniforms that day.
Florida coach Ron Zook had been fired close to two months earlier following a 38-31 loss to Mississippi State, but stayed to coach the team the remainder of the 2004 season while former athletic director Jeremy Foley pursued potential candidates.
Zook wasn’t going to coach the bowl game, so this was going to be his last time patrolling the sidelines for UF.
“It meant a lot to us,” former Florida cornerback Dee Webb said. “We wanted to send him out on a winning note.”
Florida jumped to an early 10-point lead and held on to upset the No. 10 Seminoles 20-13, spoiling Bowden’s honorary night. Florida fans still delight in calling Doak Campbell Stadium “Ron Zook Field.”
Players carried Zook off the field on their shoulders following the game.
“It’s something you appreciate,” said Zook, who remains in coaching as a special teams analyst at Maryland. “But it was just the players and the coaching staff and everyone putting in the hard work. I just happened to be the guy who got picked up.”
A rocky third season for Florida football coach Ron Zook
Zook faced a monumental task replacing icon Florida football coach Steve Spurrier, who led UF to six SEC titles and the school’s first national title in 1996. Foley hired him for his recruiting acumen even though he entered the job with no college football head coaching experience.
After going 8-5 in 2002 and 2003, Zook entered 2004 squarely on the hot seat. When Florida dropped to 4-3 following a 38-31 upset loss at Mississippi State, Foley fired Zook, who agreed to stay on and coach the team rather than have UF turn the program over to an interim coach on his staff.
“It wasn’t normal from the morning after the Mississippi State game,” Zook said. “We had been a young team and we hadn’t always won, but what helped them as freshman and sophomores is that they were able to grow up and learn to deal with adversity. I think that’s a tribute to the guys.”
Indeed, after Florida lost 31-24 to rival Georgia in Jacksonville, the Gators won two straight, beating Vanderbilt 34-17 and routing South Carolina 48-14 at The Swamp before its showdown with the Seminoles.
Florida looked to avenge a 38-34 loss to FSU at The Swamp the season before, a game decided on a handful of controversial calls by officials.
“We felt like we could play with anybody,” Webb said. “Our freshman class, go back to our first year there (in 2003), we were the only team that beat LSU that year and they went on to win a national championship, probably 40 percent of them played as true freshman. It was all about being consistent.”
How Florida football upset FSU
Former Florida running Ciatrick Fason, who rushed for 103 yards and a touchdown in the win, said players didn’t know they were honoring the field for Bowden until they got to the game. Bowden, then 75, was still coaching the Seminoles in his 28th season after leading FSU to national titles in 1993 and 1999.
“I had a pretty good relationship with Coach Bowden,” Zook said. “It was Florida, Florida State so it was always a rivalry game. The crowd was pretty hostile.”
Still, choosing to honor Bowden for the Florida-FSU game didn’t sit well with Fason and the rest of his teammates.
“We’re still the University of Florida,” Fason said. “If they were going to try a team it should have been against one of them ACC schools or something, but not us. So that was our motivation, hey, we’re fixing to spoil the moment.”
Fason recalled knocking an FSU defensive back out of the game as the ‘Noles’ defender tried tackling him early in the game after he caught a screen pass. Still, the wear and tear of leading the SEC in rushing (1,267 yards on 222 carries) led to a foot injury that slowed Fason in the first half. Fason got a shot from a trainer pregame.
“Once that medicine kicked in, that second half, man, I felt like my normal self,” Fason said. “One thing I know about myself is, I run hard. Because I hear the defenders tell me how hard I run, and I heard Florida State defenders saying, he ain’t slowing down. That kept motivating me.”
Florida built a 10-3 lead at halftime as its defense shut down the Seminoles and strong-armed quarterback Chris Rix in the first half. Webb recalled going across the field to make one of his two pass breakups in the game.
“That was one of the games where I just had a knack for the ball,” Webb said.
Fason rushed for an 8-yard touchdown to put Florida up 20-10 with 4:59 remaining in the fourth quarter.
As a Jacksonville native, Fason said he grew up dreaming of scoring in the Florida-FSU game.
“No matter what team I was playing for I wanted to score a game-winning touchdown in that game,” Fason said.
After an FSU field goal cut Florida’s lead to 20-13, Zook took a gamble, going for it on 4th-and-inches from his own 26-yard line with 2:35 to play. Chris Leak got the first down for Florida on a quarterback keeper, and UF was able to run enough clock out to preserve the win.
The aftermath of the Florida football upset of FSU
After getting carried off the field, Zook wanted to take a picture of the scoreboard.
“They turned the scoreboard off, like, a minute after the game,” Zook said. “I was with my brother trying to get a picture and we couldn’t get a picture of the final score”
Zook gave players the option to return with the team on the bus or stay in Tallahassee overnight if they had friends there. Webb chose to stay in Tallahassee with his close friend, former Florida safety Kyle Jackson.
“Kyle Jackson, he’s actually married to his high school girlfriend and she went to Florida State at the time,” Webb said. “Her friends and were cheerleaders so we partied with them.”
The players who chose to return on the bus were greeted by Florida fans in the predawn hours at The Swamp, who cheered at their arrival. A friend of Zook’s opened Ballyhoo’s, a restaurant in Gainesville, for a postgame celebration.
“Our guys were able to get some food and refreshments,” Zook said.
Charlie Strong served as the interim coach for Florida at the Peach Bowl in Atlanta, where the Gators lost 27-10 to Miami. Foley hired Urban Meyer from Utah, who led Florida to national titles in 2006 and 2008.
Of the 22 starters on UF’s 2006 national team, 18 were players that Zook recruited.
“Coach Zook, he didn’t get a fair shot,” said Webb, who played under Meyer in 2005 before declaring for the NFL Draft. “Had he stayed, we would have gotten two (national titles).”
Zook was hired by Illinois in 2005, where he led the Illini to the Rose Bowl in 2007 but was fired after going 34-51 in seven seasons. Now 70, Zook is working at Maryland under head coach Mike Locksley, who was his running backs coach at UF in 2004.
“It wasn’t the smoothest three years but I still think that coaching at Florida is the best job in America,” Zook said. “I learned a lot about life, how to deal with people.”
Webb played two years in the NFL with the Jacksonville Jaguars and remained in pro football in the CFL and arena leagues until 2015. He’s still involved in football providing lessons for high school players in player development.
Fason played three seasons in the NFL with the Minnesota Vikings (2005-06) and Jaguars (2008). He’s remained in his native Jacksonville as the football coach at Fletcher High School, channeling the lessons he learned from Zook, Locksley and former UF offensive coordinator Larry Fedora.
“Those three guys were amazing to me and it definitely helped me in high school,” Fason said. “I learned how to recruit, to help get kids into college on the recruiting side …
“I still reach out to all three of them every once in a while, just to see how they’re doing, and you know to get an update on things or get coaching tips. I really appreciate those guys for the rest of my life.”
Kevin Brockway is The Gainesville Sun’s Florida beat writer. Contact him at kbrockway@gannett.com. Follow him on X @KevinBrockwayG1
Florida
Florida woman sentenced to 25 years in prison for shooting neighbor
A white Florida woman who fatally shot a Black neighbor through her front door during an ongoing dispute over the neighbor’s boisterous children was sentenced Monday to 25 years in prison for her manslaughter conviction.
Susan Lorincz, 60, was convicted in August of killing 35-year-old Ajike “A.J.” Owens by firing a single shot from her .380-caliber handgun in June 2023.
The shooting was the culmination of a long-running argument between the two neighbors over Owens’ children playing in a grassy area near both of their houses in Ocala, about 80 miles (130 kilometers) northwest of Orlando.
Prosecutors said Owens had come to Lorincz’s home after her children complained that she had thrown roller skates and an umbrella at them, which Lorincz denied. Trial testimony showed Owens, a mother of four young children, was pounding on Lorincz’s door and yelling, leading Lorincz to claim self-defense in shooting her neighbor.
Lorincz told detectives in a videotaped interview that she feared for her life. She also said she had been harassed for most of the three years she lived in the neighborhood.
“I thought I was in imminent danger,” she said.
Jurors did not agree with her self-defense claim.
Owens’ family pushed for the maximum prison sentence after Lorincz was convicted by an all-white jury.
“While the pain of losing Ajike, we are hopeful that justice will prevail and that the court will give Susan Lorincz the maximum penalty for her actions,” said Owens’ mother, Pamela Dias, in an email statement before Monday’s sentencing. “Ajike’s legacy will live on through her children, and we will continue to fight for justice.”
Lorincz’s attorney, Assistant Public Defender Amanda Sizemore, sought a more lenient sentence, an unspecified term below the 11.5 years in prison that is the lowest for her crime under state guidelines. Sizemore said in court documents that there are several reasons to justify a downward departure, including a mental disorder and claims that Owens was the aggressor and under “extreme duress” during the confrontation.
There were protests in the Black community in Ocala when prosecutors took weeks to charge Lorincz with manslaughter, a lesser count than second-degree murder, which carries a potential life prison sentence. Marion County, which includes Ocala, has a Black population of about 12%, according to census figures.
Florida
ESPN Highlights Billy Napier Redemption Arc with Florida Gators
It’s been a good couple weeks for Florida Gators head coach Billy Napier. He’s picked up two long-awaited SEC wins. One is his first win over LSU and another is his first top-10 win since the Gators beat No. 7 Utah in his first game as their head coach.
ESPN’s Adam Rittenberg made sure to give him some love in their college football Week 13 takeaways.
He considers Napier, along with Oklahoma’s Brent Venables and Auburn’s Hugh Freeze to have further redeemed themselves with big wins on Saturday.
“But Napier, Venables and Freeze all strengthened their profiles and elevated hope for the future by leading their teams to signature wins in Week 13.”
Rittenberg was impressed by Florida’s continuing to bend but not break on defense and the performance of true freshman quarterback DJ Lagway. This all culminated in what could have spoiled Ole Miss’ playoff ambitions.
“Napier, whose Florida team had outclassed LSU the week before in The Swamp, likely eliminated Ole Miss from CFP contention with an excellent second half. A Gators defense that struggled early allowed only three points in the final 39 minutes and intercepted Jaxson Dart twice in the closing minutes, and Florida got impressive play from its own young quarterback, DJ Lagway.”
Napier was also given credit for having shown “real signs of promise before Week 13.”
Florida took No. 8 Tennessee to overtime, losing 23-17. But more impressively took Georgia down to the wire despite Lagway being carted off with a hamstring injury. While the final score was 34-20, those who watched know that it was a one-score game until about four minutes to go. That gave Florida props, but now he’s beaten ranked opponents.
Now, Florida has a shot to finish with its first winning record since 2020 and win its first bowl game since 2019.
Rittenberg concluded his takes by saying Napier, along with Vernables and Freeze, has given “tangible evidence to cite that better days might be ahead.”
It sure is finally starting to look that way.
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