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Condos Boom During Downtown

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Reporters at CBS 5 have discovered a condo construction boom in San Francisco, happening before their very eyes. With empty nesters getting bored in their suburban enclaves and young urban folk loving their city life just as much as ever, downtown condos are all the rage, says the report. About 60,000 condo units are on their way, with 6,000 of those currently under construction. While sales of new homes are up 19 percent, prices are down 32 percent — a "window of opportunity right now for condo buyers." [CBS 5]