Inventory crisis expected to last through 2015

New housing supply targets luxury market, squeezing the other 90 percent of buyers
By Hayley Kaplan | October 21, 2013 10:30AM

From the October issue: Recent years have seen some of Manhattan’s buzziest and most luxurious new developments — 432 Park Avenue and One57 among them. But these pricey new condo buildings are doing little to reverse the current Manhattan inventory shortage, experts told The Real Deal. [more]