Saturday, August 13, 2005

Condo crush lures foreign investment

From The Associated Press (via Houston Chronicle):
From Florida to California, condos are a growing housing option for people who have been priced out of the single-family home market or are seeking a more upscale, all-in-one lifestyle for a second home. They are also a growing market for speculators — many from abroad — looking for units to resell, or "flip," to take advantage of low interest rates, cheap dollars and attractive supply and demand.