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Condo Glut Floods Cities

Bargains abound as boom-time projects completed

By Rob Quinn, Newser Staff

Posted Mar 22, 2008 8:17 AM CDT

(Newser) – A deluge of new condos is about to hit many American cities already flooded with an unprecedented number of unsold units, the Wall Street Journal reports. This year, thousands of projects started at the height of the housing boom will be completed; oversupply and economic... Read full story »

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Condo Glut Floods Cities

Bargains abound as boom-time projects completed

housing market • construction • mortgage • property • housing • condominium • housing crisis • building

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More Newser Stories

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

11.1M Households Underwater

Number jumps to 23.1% at end of 2010, more likely on way

Millions Considering Walking Away From Mortgages

10% of mortgages expected to be underwater by June

1 in 5 Homeowners Underwater

Negative equity spikes to 21.9% as prices keep dropping

Gap Narrows Between Mortgage Payments, Rents

Housing slump prompts shift

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