May
11
Economy Watch: Apartment Fundamentals, Sales Still Solid in Q1
ByWhile real estate sales across all major property types dropped 20 percent in the first quarter, apartments were the only sector that reported a year-over-year increase.
Credit: Berkadia Forecast 2016, National Apartment Research Report
U.S. apartment sales surged 33 percent last year to $151.8 billion, and that momentum has carried over into first quarter of this year with another $38.6 billion in sales, according a recent report by apartment listing and data specialist Abodo, citing Real Capital Analytics data.
In fact, apartments appear to be bucking the slowdown in commercial real estate sales during the first quarter. Real estate sales across all major property types dropped 20 percent to $111 billion during Q1, while apartments were the only sector that reported a year-over-year increase, with sales volume rising 12 percent…
Economy Watch: Apartment Fundamentals, Sales Still Solid in Q1
