Apartment deal volume fell by 35% year over year (YOY), on sales of $26.0 billion, in the first quarter of 2017, according to the latest U.S. Capital Trends report by RCA Capital Analytics. This drop is the sharpest YOY decline this quarter across all property market sectors. As of this report, the multifamily market is the nation’s No. 2 real estate investment market, behind the office sector.
Despite this drop in volume, apartment investment activity is still ahead of the $17.0 billion average pace set in the first quarters of 2001 through 2016, and prices remain tight.
Read more...RCA: Apartment Deal Volume Falls 35% in 1Q | Multifamily Executive Magazine
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