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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."

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

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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.

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