A year ago, the consensus among multifamily leaders was that 2017 would be a tale of a storybook market cooling its heels. By last fall, analysts observed that a slowdown was already underway and would continue into the next year.
Issues with affordability and funding loomed, as did price flattening due to a shake-up in the mix of demand and product supply. Developers would be forced into a more selective approach as lending tightened, they said.
Read more...As Expected, Multifamily Market Returning to Normal in 2018
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