In the third quarter, $27,499,153 worth of multifamily properties were transacted, down slightly from the $28,608,216 in properties that exchanged hands in the second quarter, according to data supplied by PPR, a Costar company. Weighted average price fell to $144,149 per unit in the third quarter compared to $124,768 in the previous quarter. However, this level is still the highest level since the third quarter.
According to the Mortgage Bankers Association, total debt outstanding increased for depository institutions, from $317.6 billion to $278.2 billion, while falling for the Government Sponsored Enterprises from $251.8 billion to $236.4 billion.
Read more...APARTMENT MARKET STATISTICS: February 2015 | Multi-Housing News Online
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