Buy condos now?

[Jeff S.]

All this talk about multiple offers shows a market that could be underway towards increasing prices.

My condo complex has 340 units and we have had values cut in half with properties just sitting for long periods, no action.

Just noticed, everything except 2 units have sold, at huge discounts mind you, but sold nonetheless.

Condos are the firt to crash and the last to comeback. This could be worth considering. HOA's with big problems may see new buyers bringing cash back into the HOA coffers.