flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

How bad is the condo market? Check these numbers

How bad is the condo market? Check these numbers


Rob Cassidy | September 21, 2010
Just how bad is the condo market? Some figures from a desperation ad from one Chicago developer: Studios were $237K, now from $189K - 20% off. 1BRs were $354K, now from $271K - a 23% cut. Plus a 4.25% rate on a 30-year mortgage, with as little as $5K down. Were these properties overpriced to begin with? Possibly. But with condo inventory so high in many markets, don't be surprised to see these and similar offerings with this message: "Great apartment rentals - no money down."

More from Author

Rob Cassidy | Oct 2, 2020

Everyone's getting a fire pit!

Skeleton fire pit in Chicago, October 2020

Rob Cassidy | Mar 30, 2020

Your turn: Has COVID-19 spelled the death knell for open-plan offices?

COVID-19 has designers worrying if open-plan offices are safe for workers.

Rob Cassidy | Mar 25, 2020

Coronavirus pandemic's impact on U.S. construction, notably the multifamily sector - 04-30-20 update

Coronavirus pandemic's impact on U.S. construction, notably the multifamily sector - 04-30-20 update

Rob Cassidy | Nov 20, 2019

Word of the Year: "climate emergency," says the Oxford English Dictionary

The Oxford Word of the Year 2019 is climate emergency.

Rob Cassidy | Nov 1, 2019

Do car-free downtown zones work? Oslo, yes; Chicago, no

Two recent reports (October 2019) explore whether car-free downtowns really work, based on experience in Oslo, Norway, and Chicago.

Rob Cassidy | Oct 9, 2019

Multifamily developers vs. Peloton: Round 2... Fight!

Readers and experts offer alternatives to Peloton bicycles for their apartment and condo projects.  

Rob Cassidy | Sep 4, 2019

Peloton to multifamily communities: Drop dead

Peloton will no longer sell its bikes to apartment communities.

boombox1
boombox2
native1

More In Category


Museums

Connecticut’s Bruce Museum more than doubles its size with a 42,000-sf, three-floor addition

In Greenwich, Conn., the Bruce Museum, a multidisciplinary institution highlighting art, science, and history, has undergone a campus revitalization and expansion that more than doubles the museum’s size. Designed by EskewDumezRipple and built by Turner Construction, the project includes a 42,000-sf, three-floor addition as well as a comprehensive renovation of the 32,500-sf museum, which was originally built as a private home in the mid-19th century and expanded in the early 1990s. 



halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021