Paul D'Arcy is an expert on condo development and an active real estate investor. A graduate of Wesleyan University and Harvard Business School, he is currently the Editor of AustinTowers.net which analyzes the downtown Austin condo market and major high-rise condo trends around the country.
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Across the country, the recent condo boom has led to a severe condo glut in markets from Miami to Las Vegas to Madison, Wisconsin. If you are planning to buy or sell a condo, it is important to understand the health of your local market. These six rules will help you judge the strength of your local high rise condo market, and identify warning signs before prices fall.