The numbers do look gezegde

The numbers do look a little strange because we have 38,000 new home sales, but a lot of that is more than 7,000 apartment to condo conversions which is clearly an indication of the need for affordable housing.

The numbers indicate that demand for housing has pushed buyers out to the western counties where real estate is still affordable. The higher percentage increases in condo sales in those regions indicate that many first-time buyers are entering the market in those areas.

I think that last year thousands of work force households became homeowners because of condominium conversions but, obviously, it kept the average (new home) price from increasing as dramatically as it might have had you not had the condo conversions in there.

I'm here because I have 40 projects that are hung up right now. We have to fish or cut bait here. To just stop condo conversions will just escalate the price of housing.

Chris Christensen

No doubt these numbers will be taken by the market as a clear sign of a softening housing market and, by implication, an indication that higher interest rates are biting. We are much more skeptical: housing starts lag home sales, which have been depressed in recent months more by lack of inventory than by higher interest rates.

Ian Shepherdson

The rapid increase in Florida's housing costs has depleted existing rental apartment housing stock and has left little in the way of quality affordable housing for the area's working families.

Las Vegas, before this boom, had never seen any condo conversions. So nobody knows how it will all shake out. We're forecasting that conversions will continue, but on a more steady pace than what we've seen in the last two years.

Christopher Bentley

I think we're about to face a glut. There's been a tremendous surge of condo construction and also condo conversions over the past couple of years.

Michael Carliner

These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median.

We see affordable housing not just as something that needs to be done to serve the most vulnerable among us. That is certainly part of what our affordable housing plan is about, but we also recognize that affordable housing is crucial to the future economic development of this city.

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I think condo conversions will continue to be a more feasible option for people looking to buy. As opposed to the higher priced high-rises, and with the median price for all condos continuing to rise, the value provided by conversions makes them more palatable for a lot of buyers.

Michelle Johnson

So this is more up to date as far as the situation in the housing market is concerned. It is a better indication that housing sales are beginning to slow.

New home sales surprised the experts. The Commerce Department said that new home sales were up by 13.8% for March, and last week used home sales were up as well. One economist says that the housing market still has a lot of room to maneuver and that a slump is more like a 'soft landing' for 2006. The 30-year mortgage is averaging 6.49% nationwide.

Most people see condo living as somewhere between owning your own home and renting an apartment, but it's more like owning your own home. There's a responsibility that each homeowner has, whether they accept it or not,

Some people were barely making a $ 350-a-month payment on a small affordable apartment, so when the rent goes up to $ 400 or $ 425, they become homeless. And we just don't have any housing to put them in.

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