Why it matters
The figures point to a housing investment market with sharply higher reported sales but falling apartment values. That matters to multifamily owners, investors and businesses assessing property values and transactions.
HOUSING & REAL ESTATE • UNITED STATES
Multifamily sales rose in Q3, while apartment values fell
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BLUF
A Vivmark mega-merger helped push U.S. multifamily sales up 139% in the third quarter, making it the highest quarter on record, according to Multifamily Dive. Apartment values nevertheless fell 4.6% year over year and 6.2% at an annualized rate from Q2 to Q3.
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