Puget Sound condos to rentals, then back: turbulent market

As Featured in the Puget Sound Business Journal

Written by Jeanne Lang Jones

Image Courtesy of the PSBJ

In an article about the condo market, Jeanne Lang Jones writes, “'It makes sense that the most likely projects to revert to condos will be the ones intentionally set up as condos,' said Dean Jones, CEO of real estate consulting firm Realogics Inc. and president and owner of Realogics Sotheby’s International Realty. 'But it depends on who’s making the decision,' he added. 'Some institutional owners, such as real estate investment trusts, may be more inclined to hold onto the properties as rentals,' Jones said."