Condo Market on the Mend?

The condo market, which has been mostly stagnant in recent years, is showing signs of revival nationwide.

“While still well below historical construction levels, the new interest in condos is attracting interest from high-level investors who are keeping an eye on the growing condo construction and conversion market, both to see if the trend may produce opportunities in more markets and to gauge its effect on apartment property pricing,” CoStar Group reports.

The condo share of total home sales is nearing pre-recession levels.

Read more…

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