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- Rising insurance costs and HOA fees are forcing some Florida condo owners to sell.
- Buyers are wary of the same costs, however, causing home prices to slide in major cities.
- It's a symptom of the insurance crisis and affordability problems plaguing Florida homeowners.
The Florida condo market is caught in a storm.
Owners are trying to unload units in the face of the skyrocketing costs of maintaining an apartment in Florida. At the same time, prospective buyers are driven away by those same fees.
"It's definitely been a slow-motion train wreck," said Joe Humphfner, who owns a condo in Jupiter, near West Palm Beach.