The Real Estate industry is an ever-evolving entity in our time. Keeping up with it's fluctuations can be intimidating. Let's keep ourselves informed!

Saturday, December 02, 2006

Rent hikes may slow as condos shift to rental apartments

After five red-hot years for housing, inventories of unsold condominiums began climbing nationwide during the past year, causing a glut of unsold units in formerly hot markets. Developers have quickly shifted gears and started either canceling condo projects or converting the planned units to rental apartments.

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