Influence of Speculation on the Price of Converted Condominium Units
PAD-81-62
Published: Mar 05, 1981. Publicly Released: Mar 05, 1981.
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Highlights
Congressional concern was expressed that the rapid turnover in sales of converted condominium units by investors has caused the price of these units to increase more rapidly than general housing prices. In response, GAO reviewed the complex interactions that determine the prices at which transactions take place in the housing market.
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Topics
Community development programsCost controlEconomic analysisHomeowners loansHousing constructionMortgage interest ratesHousingMortgage marketInflationTenants