New York condos overbuilt but not a bad as Las Vegas or Miami.
Academics tracking the national markets don’t think that the Manhattan market will ever have the inventory problems that Miami and Las Vegas are currently facing.
Las Vegas has 83,400 condos that are under construction or proposed, and plans for building 12,200 more have been canceled or suspended, according to data collected by Applied Analysis, a Las Vegas research group.
{ 1 comment… read it below or add one }
Cbass 11.19.06 at 8:12 am
Doesn’t look like houses in Florida are fairing much better. Why are we different?
http://www.sptimes.com/2006/11/18/Tampabay/Bay_s_home_boom_sudde.shtml