Apartment transactions fell in the second quarter 2013 to $16.97 billion from the first quarter, according to PPR, a Costar company. Meanwhile, apartment completions increased by 64 percent in the second quarter in the top 30 metros, reports Marcus & Millichap.
Effective rents increased by 3.5 percent in the second quarter 2013 compared to the same period a year ago, according to Marcus & Millichap. And vacancies have fallen by 10 percent during the second quarter.
Read more...APARTMENT MARKET STATISTICS: November 2013 | Multi-Housing News Online