While Experts Expect Apartment Market to Moderate in 2017 via CoStar Group

Last year, most prognosticators for the multifamily sector predicted a record number of new units would cause rents to moderate and vacancies to increase. Sales of multifamily properties would dip below the record high levels of 2015, and price growth would slow down.

But that’s not what happened. Sales volume for 2016 is on pace for another record year and per unit sale prices were once again rocketing up in the fourth quarter after holding fairly steady most of the year.

So one can understand if market experts are a bit hesitant to hazard a prediction this year.

Read more...MULTIFAMILY OUTLOOK: While Experts Expect Apartment Market to Moderate in 2017… - CoStar Group