The sudden death of the American condo

[twister244]

Wouldn't some of these be driven by market fundamentals? With higher interest rates, high construction costs, and elevated mortgage rates, one would assume selling units right now would be a challenge as nobody wants to buy if they think there's a chance rates will go down at some point in the 1-3 year time frame.

I would expect other factors to be at play. Do we see this trend across other major downtown areas?