Wednesday, August 15, 2007

Housing Market is Collasping, Converted Condo's are becoming the Cheap Alternative.

The market shows significant signs of decline, but still there is much construction in the Downtown Orlando area with new condo skyscrapers going up as you read this. This indicates that still developers and investors realize the need for housing around areas that are growing or areas that have many career job opportunities. The housing market is in shambels, but families are looking for more cost effective housing to reside in. Families are looking to live closer to their jobs, and Condo's are their answer. Most apartment complexes are experiencing almost flatline traffic levels due to the fact that most prospective tenants can afford small houses or condo conversions. The goal of most apartment complex owners should be how to shift their vacancies into profitable returns. My advice is to look into the condo market, and offer cheap housing solutions for clients and advertise the benefits of location and the maintenance free lifestyle a newly renovated "Condo Conversion" can offer.