Quote of the day: the not-so-amazing disappearing condo projects

“I definitely do think that we could see some projects that just decide that they haven’t achieved the sales velocity that they really needed, and I think some of those proposed projects that have not broken ground could disappear. Your higher-profile, larger projects are probably less likely [to disappear]. I think we may see it more on smaller neighborhood deals.”

– Gail Lissner, vice president of Appraisal Research Counselors, in a recent interview with New Homes Magazine

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