First quarter 2008 sales volume decreased much more for coops (43% compared to 1st quarter '07 and 22% compared to 4th quarter '07) compared to condos (34% and 9% respectively), according to Miller Samuel. The difference is quite striking and seems to indicate that coop sales have been much more adversely affected compared to the condo market which is propped up by foreign buyers. Does this mean that coop will prices drop significantly? - Sat Apr 26 2008, 20:39
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.