Why HOA Problems Are Killing Condo Sales in Southern California

Welcome to Living in Los Angeles South Bay! If you find this video helpful, please support the channel by sharing it on social media. Your support helps us reach more people and provide valuable insights to the community! In this video — a direct follow-up to "SoCal Condo Sales Just Hit a 20-Year Low" — Frank goes deep on the single biggest reason condo sales across Southern California have fallen to their lowest level since 2005: the HOA. From California's new balcony inspection law (SB 326) to stricter Fannie Mae and Freddie Mac lending rules, underfunded reserve accounts, and a shrinking insurance market, Frank breaks down the four forces converging on condo buildings right now — and exactly what it means whether you're buying or selling a condo or townhome in the South Bay. 📌 Topics Covered: ✅ Quick recap: SoCal condo sales at a 20-year low — what the numbers say ✅ Why the 2021 Champlain Towers collapse in Surfside changed everything for condo lending ✅ How Fannie Mae and Freddie Mac's stricter condo rules are shrinking buyer pools ✅ What the HOA questionnaire looks at — and what kills financing fast ✅ California SB 326 explained: balcony inspections, deadlines, and emergency assessments ✅ Why HOA reserve funds are underfunded across the industry ✅ How rising insurance costs are pushing dues and special assessments higher ✅ What California law requires HOAs to disclose to buyers during escrow ✅ Why patient buyers with strong financing may actually find opportunity right now ✅ What condo sellers need to do BEFORE they list to protect their sale ⏱ Timestamps: 0:00 – Hook and intro 0:00 – Quick recap: SoCal condo sales at a 20-year low 0:00 – Why HOAs are under the microscope after Surfside 0:00 – Fannie Mae and Freddie Mac: stricter condo lending rules 0:00 – California's new balcony law — SB 326 0:00 – Reserves under pressure 0:00 – The insurance problem 0:00 – How it all shows up in escrow 0:00 – Is there an opportunity for buyers? 0:00 – What sellers need to know 0:00 – Bottom line 👉 Watch the companion video first: "SoCal Condo Sales Just Hit a 20-Year Low" — [link in description] 🏡 Serving all around the South Bay Los Angeles (City of Carson, El Segundo, Gardena, Hawthorne, Hermosa Beach, Inglewood, Lawndale, Lomita, Los Angeles (Harbor City, Harbor Gateway, San Pedro and Wilmington), Manhattan Beach, Palos Verdes Estates, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Torrance) ▶ Free Real Estate Consultation with Frank: https://calendar.app.google/6dtMPvHm1... ▶ Subscribe 👉    / @frank_kenny   Produced by Frank Kenny | Los Angeles - South Bay Real Estate Agent | California Real Estate License: 01250123 | Filmed/Edited by Lance Barca | Los Angeles - South Bay Real Estate Agent | California Real Estate License: 02223756 | FOLLOW US! Instagram:   / frank.kenny   Instagram:   / lancebarca   Facebook:   / frankkennyrealestate   Website: https://www.frankkenny.com/ Need a mentor? Join eXp Realty now! Get your first real estate transaction this year! https://calendar.app.google/6dtMPvHm1... GEAR WE USE FOR FILMING 🎥 Main Camera | Canon EOS R6 - https://amzn.to/40o0ANl Camera Lens | Canon EF 24-70MM - https://amzn.to/3W5DjgP Microphone | RØDE Wireless Go II - https://amzn.to/3Wawuux Lights | Neewer LED Lights - https://amzn.to/3PqReKI Music & Sound Effects by Epidemic Sound - https://share.epidemicsound.com/8xk41q Brokered by eXp Realty of Greater Los Angeles. DISCLAIMER All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording** #HOAProblems #SoCalCondoMarket #SouthBayRealEstate