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:
Originally published: 12/04/2010, Pioneer Press