Jul
08

Apartment Sales Hit All-Time Low in May

By
– Multifamily Executive

Just when it looked as if transactions were picking up, along came May. Apartment transactions fell 46 percent to $481 million from April to May, making it the slowest month ever tracked by New York-based research firm Real Capital Analytics.

“The transaction market is just a fraction of its former self and little has changed since the beginning of the year,” Real Capital writes in the report. “Sales have stalled, the inventory of properties for sale is ballooning, and defaults and foreclosures proliferate.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://multifamilyexecutive.com/multifamily-trends/apartment-sales-hit-all-time-low-in-may.aspx
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