Boston area builders are on track to put up 5,000 new condos by year end, according to Scott Van Voorhis of the Herald. In Miami? There are over 61,000 units on the drawing board.
To many people, the limited number of new buildings is a good thing; to others, perhaps those looking for a cheap, nice place to live, the lack of inventory is keeping prices too high to buy.
Complete article: Boston isn’t Hub of condo boom