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A brief history of condominiums in the United States [Infographic]

History of condos in the United States [Infographic]

Here is an infographic we created showing you a quick timeline of how condominiums became an important part of housing in the USA. If you are a Realtor or blogger please feel free to share this infographic using the embed code below. 

History of condos in The United States [infographic]

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A bit more detail about the history of Condos.

Although we focus on selling condos in Vermont we thought it would be interesting to share the history of the condo in the USA. So here is a quick summary of what we learned doing some research to make the infographic above.

Condominiums, or condos, have a rich history in the United States that dates back to the 19th century. The concept of shared ownership of property can be traced to Spanish law, with the term "condominium" originating from Latin roots meaning "common ownership." However, the modern concept of condos as we know them today began to take shape in the mid-20th century.

In the 1960s, the first modern condominiums in the United States were established in Puerto Rico and Hawaii and spread to other states shortly after. The appeal of condos grew due to their affordability, shared maintenance costs, and amenities such as swimming pools, gyms, and community spaces. The passage of the National Housing Act in 1961 also played a significant role in the development of condos by providing federal mortgage insurance for condominium projects, making them more accessible to a wider range of buyers.

Since then, condos have become a popular housing choice for individuals and families across the country, offering a blend of privacy and community living. Today, condos are a common sight in urban areas, resort destinations, and suburban communities, continuing to evolve to meet the changing needs and preferences of homeowners.

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