Experts Predict Condo Shortage!

Posted: February 17, 2022 | Source: www.floridarealtors.org

Although U.S. multifamily residential construction has surged in the last few years, the construction of new condominiums is at its lowest level in almost 50 years – less than 5.4% of the market. Experts point to construction costs, insurance litigation liability, and buyer financing causing the problems.