The Slatin Report - Preaching to the Converters:
"According to data from New York-based Real Capital Analytics, sales to converters have already more than doubled in 2005 over all of 2004, rising from $11.6 billion, for 75,000 units, to $23.9 billion for 152,000 units. For apartment sales, the growth figures are not nearly so steroidal – in fact, they are just plain healthy. Apartment sales rose from $38.7 billion for 488,000 units to $47.9 billion for 544,000 units."
