The Year in Review

UNDER $250,000: 10% PRICE APPRECIATION

OVER $250,000: 2%–3% APPRECIATION 

1. The supply of homes is at its lowest level in years, as the number of new listings cannot keep pace with the number of sales.
2. Prices are rising.

Reference is made to Jack McCabe’s article in this morning’s Herald Tribune, January 28, 2013.  Jack McCabe is right about the toxic conditions of runaway prices, ease of mortgage lending and the bust that it created.  However, it would be a mistake to conclude that Condominium Conversions cannot be done successfully, for both [...]