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News on Condos (not such a surprise)

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Real Estate Agent with Bandazian & Holden

Condos, condos, condos....  If you read this blog at all, then you know my viewpoint on the ongoing fad of converting everything to condos.  (and if you don't, then just keep reading)

I don't have a lot to say about it right now, but I wanted to point you to an article on MSNBC.com from a couple of weeks ago: "Scramble for affordable apartments" -- and especially to this quote from the article about residential condo development:

In smaller markets such as Portland, Ore., Richmond, Va., and Omaha, Neb., demand has outpaced development.

I've been saying it for a while, but it's nice to have something in the news backing me up on it.

 

 

To read other comments on this post, visit Richmond Business & Commercial News

Comments(2)

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Nathan Hughes
Bandazian & Holden - Richmond, VA

That is a shame.  If they are going to flood the market, they should at least do decent work. 

Around Richmond, I haven't heard any complaints about the quality of the work, just that there are waaay too many of them (with more to come).

Nov 29, 2006 10:59 PM
Tchaka Owen
Galleria International Realty - Hollywood, FL

It appears that a new trend (at least in NoVA) is to convert to apartments.  At least several buildings slated for condos are going to go the apartment route.

- Tchaka 

May 28, 2007 05:27 PM