Posted on Saturday, April 14, 2007

Across the country, an estimated 25 percent to 40 percent of condominium conversions have gone back to rentals. This could impact Gig Harbor real estate . Homeowners are encouraging tenants to come back after being unable to sell these converted residences. So far, rental costs have gone up 12-15 percent, but that price is more than likely to balance out as more conversions occur. Watch for for conversions in Gig Harbor.