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Condos to Take the Hardest Hit on the 'Bubble Burst' |
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Monday, 15 May 2006 |
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Analysts reported that the housing sector's luster is now fading. Douglas Duncan, an economist, recently announced that the housing sector's weakest aspect is the condominium market.
Duncan projected that the housing sale total would drop by 7% to 8% from 2005. He said that the pricing for condominiums is very much different. They are volatile. That is because they only face moving costs. Analysts also reported the stock market had some setbacks late last week. That is because copper had a rate of $4 a pound and gold went up to $730 an ounce. By M. Sese http://realestatepress.org |