National Real Estate Condo Developer 'Bullish' on Madison, Wis. Condominium Market

MADISON, WI--(Marketwire - July 23, 2009) - While the national condominium market continues to struggle, sales at Harbor House in Madison remain steady. According to Harbor House owners, 65 percent of the community is sold out, and the developers, Time Equities, Inc., located in New York, and Bruner Realty, Inc., in Madison, continue to experience strong demand.

"We are thrilled to have so many first-time homebuyers at Harbor House," said Jay Bruner, president of Bruner Realty. "Our 25-year-old daughter and her husband purchased their first home right here at Harbor House, and their monthly mortgage and maintenance costs are less than what they would pay in rent for a comparable apartment." Contact Harbor House: www.harbor-madison.com/contact-us/

Watch video about Harbor House: http://www.youtube.com/watch?v=MejcBa25MTU

According to Kiplinger's Magazine, Madison was recently ranked as one of the top ten best cities in America in which to live. Additionally, unemployment in Madison consistently remains below the national average. Madison employers include the University of Wisconsin, State of Wisconsin, Epic Systems and American Family Insurance as well as a number of other high tech and clean industry companies. These factors, along with the federal government's $8,000 tax credit for first-time homebuyers, support the reasons why Madison continues to thrive in these current economic conditions. Read blog: www.harbor-madison.com

Francis Greenburger, CEO and chairman of Time Equities, Inc. in New York City concurs. "We think Madison possesses a special set of social and economic factors that make it stand out in our minds as an intelligent city to invest in," said Greenburger. "We were very fortunate to, along with Bruner Realty, be able to acquire and develop the Harbor House community at such an affordable price, and we are now able to pass extraordinary savings along to our homebuyers."

Harbor House condominium community is located on the West Side of Madison, Wis. Harbor House contains 240 condominiums, of which more than 160 have been sold to home owners. Time Equities, Inc. and Bruner Realty have spent more than $3,500,000 renovating the condominium interiors and community amenity areas. Harbor House condominium homebuyers choose their interior finishes and take advantage of the 24-hour fitness center, heated swimming pool and jacuzzi as well as volleyball, basketball and tennis courts. Contact Harbor House: www.harbor-madison.com/contact-us/

Contact Information: Contact: Valerie Jennings 913.220.7694 Valerie@jenningspr.net