Across the country, an estimated 25 to 40 percent of condominium conversions have gone back to rentals. This could have an affect on Irvine real estate . Property owners were unable to sell these converted condominiums and are wanting tenants to come back. Rental prices are likely to level out as more conversions occur, but so far, prices have grown by 12-15 percent. Watch for for Irvine changes.
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