"HOA fees won't go down in the future, they'll go up," he said. Luzzi looked into a condo complex in the town of Somers, New York, about 40 minutes north of him, but was discouraged to find that the ...

Older homeowners tell BI that steep HOA fees are making it harder to downsize. The average HOA fee has soared 42% since 2019, worsening housing affordability. And a growing number of US homes are ...