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Selling a condominium has become increasingly difficult, according to a MarketWatch report, as prospective buyers are increasingly deterred by rapidly rising homeowners association fees even when units carry lower purchase prices. Sellers describe feeling 'trapped' as demand softens across many condo markets. The trend adds to broader concerns about affordability and liquidity in parts of the U.S. housing market, as fixed monthly costs weigh on buyer decision-making independent of headline home prices.
Sources:MarketWatch Top Stories