Condo Owners Idling in Place

Saturday, December 4, 2010

Many buyers who would have chosen a condo or town home can now afford that single-family place, adding to oversupply.

"When you get a surplus of housing, the relative demand is less for condos and town homes than for single-family homes," said George Karvel, professor of real estate at the University of St. Thomas. Read more:

http://www.twincities.com/business/ci_16771316

Originally published: 12/04/2010, Pioneer Press