Goodbye Condo Mania


Passengers on the Poseidon aren't the only people in distress this summer. Condo owners, who had been cruising along propelled by double-digit price gains, are encountering cooler currents and the prospect of perilous waters ahead.
The supply of existing condos for sale increased by almost two-thirds during the year that ended in April. At the same time, sales fell slightly, according to the National Association of Realtors. Investors -- about one-third of all

Originally published