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Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.

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Raising The Titanic

Posted on May 28, 2008

The Journal Gazette reports from Indiana. The message to the City Council last week was crystal clear: The downtown Harrison Square condominiums will be built. But while developers can promise to construct the building, there is no guarantee people will buy condominiums, live in them and make downtown Fort Wayne the place to be. As of last week, only five of The Harrison s 62 condominiums had been bought. Bill Martin, of Martin Goldstine Knapke, said the condominium project represents a new product in the Fort Wayne market, and sometimes people are hesitant to change. You can...

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Tags:
economy , housing , real estate , real estate market
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