Soaring numbers of rentals go condo

Here's some interesting facts:

At least 70,800 apartment units were sold to condominium developers nationwide in 2004, up from 7,800 in 2002, according to Real Capital Analytics, a New York consulting firm.

As of June 1, at least 43,900 units have been sold to developers this year, says Dan Fasulo, director of market analysis for the firm. There are about 19 million rental apartments in the USA.

USAToday