Condo Developers Still Have Wet Feet!

Posted: May 19, 2015 | Source: www.floridarealtors.org

In some parts of the United States, condominium sale prices have reached or even exceeded their peak 2005-06 prices, but developers are not keeping up with demand. With more buyers and scarce inventory, condo prices in San Francisco, New York City and Boston are 8 to 11 percent higher than their 2006 prices. With an improved economy and aging Millenials, experts are predicting significantly higher condo prices in much of the United States.