Condo/Co-op Prices Rise in April Due to Increased Sales of Foreclosed/Distressed Properties

By Anuradha Kher, Online News EditorWashington, D.C.–Existing-home sales—including single-family, townhomes, condominiums and co-ops—increased 2.9 percent to a seasonally adjusted annual rate of 4.68 million units in April from a downwardly revised pace of 4.55 million units in March, according to the National Association of Realtors (NAR). Despite the increase, the