We still have housing developments going up but everything is labeled 500k+ which actually means 700k+. We also have a lot of apartments going up and people say there are wait lists in good neighborhoods.
We did have a developer who put in apartments and then smaller 350K-400K homes. They were basically sold before built. A lot of retirees wanted them to downsize yet still have a new home. I know the money is better with the larger homes, but you'd think someone would realize the untapped market for smaller, affordable homes for retirees or even better, DINK's.