THE OLD RENTAL TO CONDO BACK TO RENTAL TRICK

In D.C. (presumably the whoe area), an estimated 25% to 40% of condos under development or apartments that were converted into condos for sale will be put back on the market as rentals, says Marcus & Millichap, an investment brokerage firm. The trend could put a damper on rising rents, reports USA Today.

If the trent applies to the whole area, the condos in D.C. surely will rent faster than those outside the Beltway.