Condo Market Bottom?
Friday, October 23, 2009
|
|
|
|
September's big rise in home sales included a nearly 10 percent rise in the sales of condos and co-ops. As NBR's Jeff Yastine reports in tonight's program, condo sales are likely rising because prices are nearing bottom. You can learn more about the condo market here.
Want to share your thoughts about this story?
Read Jeff Yastine's blog entry and post your comments.
Related NBR Stories & Links
- 10-12-09: "XChange - The NBR Blog" - Cashing in on Tax Credits & Its Stipulations
- 04-28-09: Commentary: The REIT Market (VIDEO)
- 04-24-09: Reviving the Economy: Real Estate - Mortgage Loan Boom (VIDEO)
External Links/Articles*
- Corus Bank
As Jeff Yastine explains in his report, Corus Bank held a large percentage of condo mortgages during the real estate boom. Now, as the bank's website reveals, Corus has been taken over by the Federal Deposit Insurance Corporation. - Federal Deposit Insurance Corporation (FDIC)
In his report, Jeff Yastine explains that the FDIC awarded 40% of the assets (many of them condo mortgages) of failed Corus Bank to Starwood Capital Group. This links to an October 6, 2009 press release that explains the deal. - National Association of Home Builders (NAHB)
This links to the NAHB's Multifamily Market Indicies. These indices offer data about the supply and demand in the rental and condo markets. - National Association of Realtors (NAR)
This links to the NAR's Existing Home Sales Data. If you scroll down to the fourth heading on the page, you'll find data about the condo and co-op market.
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
