Condo, Apartment And Townhouse Values Jumping At More Than Twice The Rate Of Detached Homes

By Realty Times Columnist Kenneth R. Harney

Condos are one of the fastest-appreciating form of real estate invesement in the United States today. Many retirees and empty-nesters are buying a luxury condo after downsizing and selling the family home, so the demand for condominiums is on the rise.  Sellers walk away with solid equity gains, and many of them take those dollars and purchase a higher-cost detached home or townhouse.  This moves the housing cycle along and translates into more sales, profits, and higher-cost segments in the marketplace.

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