Rent control laws in New York along with a lack of available deals and seasonal decline are among reasons cited in the NMHC Quarterly Survey of Apartment Market Conditions as possibly contributing to lower multifamily sales volumes in some markets.
The survey was conducted from Jan. 21 through Jan. 28 with 78 CEOs and other senior executives from apartment-related firms responding. The Sales Volume Index decreased from 46 to 43 with 28 percent of survey respondents reporting lower sales volume than three months prior.
Read more...NMHC Survey Indicates Mixed Multifamily Conditions via Multi-Housing News Online
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