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Woes in Condo Market Build As New Supply Floods Cities: Wall Street Journal - North Street Neighborhood Association
March 22’s Wall Street Journal predicts challenging times for condo developers. The supply of condos currently exceeds 10 months of sales, the highest level since the National Association of Realtors began keeping records in 1999. Delinquency rates for condo loans held by commercial banks ballooned from 5.9% in the third quarter of 2007 to 10.1% […]
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