New guidelines from the Federal Housing Administration could increase sales in South Florida's stalled condo market, making it easier, at least temporarily, to get FHA-backed mortgages.
The guidelines, which went into effect Monday, were written to address current market conditions and the glut of empty condominiums following the real estate bust.
Several of the policies, however, expire in December 2010, leaving some real estate experts to call the changes a mixed bag that will ultimately restrict sales.
Others contend the modifications are overall good for a market suffering from a lack of condominium financing.
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