Surfside condo architect had been suspended for faulty designs in past

William Friedman, the architect who designed the Surfside condo building that partially collapsed in late June, had been suspended by Florida’s board of architecture in 1967 for designing buildings that could not withstand Hurricane Betsy. One component of a commercial building called “sign pylons,” named an “integral part of the structure” by the Florida State … Read more

Investor home purchases exceed pre-pandemic levels, hit record high

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Institutional investors have been making a comeback in 2021. During the second quarter, investors purchased 67,943 U.S. homes, the highest figure on record (since at least 2000), according to new data released … Read more

Condo prices jump more than 20% as sales rebound across the US

After a pandemic-induced slump, condo sales are once again on the rise as evidenced by increasing sales and prices — according to a new Redfin report, a the median price of a condo in the country rose 20.3 percent year over year in June to an all-time high of $304,000. The typical condo also sold … Read more

Suburban condo conundrum: Sales soar as buyers hunt for elusive deals

The idea that the city is for condos and the suburbs are for homes is not reflective of a market in which suburban condo sales — and prices — are soaring. The idea that the city is for condos and the suburbs are for homes with a big yard has been drilled into our collective … Read more

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