The NYT reports that many new condo buildings are now being turned into rentals because the buyers just aren’t there. Unlike most articles on the real estate market, this one did not include a quote from David Lereah, the chief economist for the National Association of Realtors and the author of Are You Missing the Real Estate Boom?

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.