Apartment Conversions Down, Condo Leasing Up
Source: Columbus Dispatch
About four percent of housing complexes that were sold in the U.S. this year for more than $5 million have been converted into apartments, up from less than 1 percent for most of the decade, and no apartments have been resold as condos this year, according to Real Capital Analytics, a New York consulting firm.
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About four percent of housing complexes that were sold in the U.S. this year for more than $5 million have been converted into apartments, up from less than 1 percent for most of the decade, and no apartments have been resold as condos this year, according to Real Capital Analytics, a New York consulting firm.
Read full story »
