Rapid Condo Sales Slow to Crawl ; Companies Rethink Projects As High Interest Rates Spur Rentals
The Washington Times › November 15, 2006
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Summary
The fast pace of condominium sales in Washington has slowed to a crawl, making some developers rethink sales strategies.
Monument Realty has indefinitely suspended sales on half of its latest condo-conversion project, the Chase, which sits across from the Bethesda Metro station.See the full content of this document
Extract
Rapid Condo Sales Slow to Crawl ; Companies Rethink Projects As High Interest Rates Spur Rentals
The company began sales in May for its two seven-story buildings and more than a third of the 255 condos in the south building were sold.
But Monument Realty said last week it...See the full content of this document
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