The condo industry is big.It’s an industry that generates $4 trillion in economic impact every year and is responsible for half of all the new housing that is built.And yet, in spite of its enormous size, the industry is relatively small compared to the overall economy.For the average American, the condo is more than a…
Pittsburgh, Pennsylvania (CNN) I’m sitting in the back of a condo suite at Kingston plantation in Pittsburgh’s Kingston neighborhood, one of the country’s most expensive real estate markets.A woman who calls herself Jodi says her husband, John, is “very passionate about condado” and she’s trying to find a home in the area.She says they’re also…
Condo owners are starting to feel the effects of the condo renaissance in the Greater Pittsburgh area.That’s because some condos are being sold at record prices.The market has been buoyed by the arrival of developers such as Arup, KKR, and others, but it has also been fueled by the rapid expansion of single-family homes in…
