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Condo sales are rising, but flippers beware.(up front: News / Trends / Advice)
Think house prices are high? Condominiums are coming on even stronger. The National Association of Realtors reports that as of June, annualized sales this year will reach nearly 1 million, an unprecedented number.
More significantly, condo prices are outpacing those of single-family houses. The median price for a condo resale rose 17 percent, to $193,600, in 2004; the median price for a single-family house rose only 9 percent, to $184,100. Already there's a Web site, Condo flip.com, with advice on how to buy and sell quickly and profit from the boom.
But condo prices may not rise forever. Condos haven't always appreciated as much as single-family homes. When housing grew slowly in the early 1990s, for example, condos dropped slightly in value, leaving some buyers owing more on their mortgage than their condo's selling price. Michael Carliner, economist for the National Association of Home Builders, points out that condo-price frenzy is occurring mostly in cities where all housing is pricey. Also, new condo construction is at its highest since the 1980s, which ...
- NACDS slates MIS conference. (National Association of Chain Drug Stores'...
- Magazine article from: Chain Drug Review October 23, 1995 700+ words
ALEXANDRIA, Va. -- The National Association of Chain Drug Stores Management Information Systems Conference will be held October 29...drawbacks of outsourcing management information systems (MIS) and electronic data processing...
- Satellite Information Systems Co. will announce major NewsPro upgrade at...
- Press release article from: PR Newswire March 26, 1990 700+ words
...BOULDER, Colo., March 26 /PRNewswire/ -- Satellite Information Systems Co. (SISCOM) (NASDAQ: SATI) today said it will...its NewsPro(TM) newsroom computer software at the National Association of Broadcasters convention next week in Atlanta. NewsPro...
- National Association of Accountants' Management Accounting Practices Committee...
- Press release article from: PR Newswire March 19, 1987 700+ words
...Committee of the National Association of Accountants...Allocation of Information Systems Costs...furnished by an information systems facility...allocate information systems costs when...both of the National Association of Accountants...
- Mapping the ideal, comparing to real; NASD pursues top-down development to save...
- Magazine article from: Software Magazine Desmond, John January 1, 1992 700+ words
The information systems professionalas at the National Association of Securities Dealers...analysis to define what our information systems needed to do." Synnott...like discipline in the information systems arena in general...
- Insurers urged to market their information systems.
- Magazine article from: National Underwriter Life & Health-Financial Services Edition Jones, David C. October 30, 1989 700+ words
...marketing their information systems technology to...He said that information systems can be sold to...the 10th annual Information Systems Conference of...Ill.-based National Association of Independent...
- IS execs are warned about the pitfalls of client server. (information systems...
- Magazine article from: National Underwriter Life & Health-Financial Services Edition January 9, 1995 700+ words
...technology firm told insurance company information systems officials recently. "My advice...Chicago. Speaking at the annual information systems conference of Des Plaines, Ill.-based National Association of Independent Insurers in Scottsdale...
- IS execs warned about pitfalls of client/server. (client/server computing,...
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management November 7, 1994 700+ words
...technology firm told insurance company information systems officials recently. "My advice...Chicago. Speaking at the annual information systems conference of Des Plaines, Ill.-based National Association of Independent Insurers in Scottsdale...
- Phoenix to be host of MIS Conference in early October. (National Association of...
- Magazine article from: Chain Drug Review August 13, 1990 700+ words
...Conference in early October PHOENIX--Key chain drug executives in management information systems will be brought together for the 1990 National Association of Chain Drug Stores MIS Conference, which will be held from October 7 through...