In the fashion world when something is the “new black” it connotes a sense of style & coolness. Indeed, According to a recent article on BloovianPrime “Condos are the new Black.” Using data from Zillow, they report that condos are appreciating faster than single-family homes in markets across the country. In fact, condominiums are appreciating at a rate of 5.1% compared to 3.7% for single-family homes.
[condos] “are appreciating faster than single-family homes in nearly two-thirds of the top 35 most populated housing markets.”
Click here to read the full story, Condos Are The New Black, BloovianPrime 10/28/15