Actual property specialists say new condo development within the U.S. is now on observe to beat a 50-year excessive, however the brand new buildings aren’t assuaging the housing scarcity. A brand new report from Axios discovered nearly all of these new residences are concentrated in simply 20 metro areas throughout the nation and many of the new items are luxurious residences. Axios actual property reporter Sami Sparber joined CBS Information focus on the development.
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