One gauge for the housing market: Condos

[emu steve]

Condos are the most volatile of housing, esp. in tough economic times.

Well the condo market seems to be recovering from the housing/economic crash.

There is a definite nitch for folks who want something [[usually) smallish, without major up keep AND yet with ownership rights.

This is good news. They are many, usually young singles and maybe some empty nesters, who want to live in downtown or Midtown yet want ownership rights.

For them a 1,000 - 1,250 foot condo might be perfect.

The idea that a single person or [[childless couple) needs say 4 bedrooms and 3 baths seems a bit silly.

What is neat is that a lot of cities have strong markets for large single family houses, townhouses, rental apartments, condominium ownership apartments, etc.

Something to meet everyone's needs.
http://www.freep.com/article/2014060...troit-FD-Lofts