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The Homeowners Association (HOA) market is a segment of the residential property market that provides services to homeowners in a particular area. HOAs are typically formed by developers to manage the common areas of a residential development, such as parks, pools, and other amenities. They also provide services such as landscaping, snow removal, and other maintenance services. HOAs also enforce rules and regulations that are designed to maintain the quality of life in the community.
The HOA market is a growing segment of the residential property market, as more and more people are choosing to live in communities with HOAs. This is due to the convenience and security that HOAs provide, as well as the ability to maintain a consistent level of quality in the community.
Some companies in the HOA market include FirstService Residential, Associa, and RealManage. These companies provide a variety of services to HOAs, including management, accounting, and legal services. They also provide services such as community outreach, marketing, and event planning. Show Less Read more