Banning homeowners or their invited guests from parking personal, business or first responder vehicles (including pickup trucks) that are not commercial vehicles in their driveways or any other area where they have a right to park per state, county and municipal regulations
Banning contractors or workers from the homeowner’s property
Fining residents for leaving garbage cans at the curb or the end of their driveway within 24 hours of a scheduled trash collection
Fining residents for leaving up holiday lights or decorations past the HOA’s rules without prior notice, after which the homeowner will have one week to take them down
Limiting or creating rules for the inside of a structure that isn’t visible from the street, a neighbor’s property, an adjacent common area or a community golf course
Banning vegetable gardens or clotheslines, if they can’t be seen from the street, a neighbor’s property, an adjacent common area or a community golf course
If a construction or improvement request is denied, the HOA also must provide written notice “stating with specificity” exactly why and under which rule or covenant.
Mortgage Rates
Pull Back
Mortgage rates retreated this week given incoming data showing slower growth. Rates are just shy of seven percent, and we expect them to modestly decline over the remainder of 2024. If a potential buyer is looking to buy a home this year, waiting for lower rates may result in small savings, but shopping around for the best rate remains tremendously beneficial.
