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30-Yr Fixed6.71%▲ 0.04 15-Yr Fixed5.88%▲ 0.02 Median List$429,900▼ 0.8% Existing Sales4.03M▲ 1.2% Housing Starts1.32M▼ 2.1% REITs · VNQ$91.20▲ 0.9% Case-Shiller324.1▲ 0.3% Active Inventory1.09M▲ 3.4%

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Market Desk
30-Yr Fixed6.71%▲ 0.04 15-Yr Fixed5.88%▲ 0.02 Median List$429,900▼ 0.8% Existing Sales4.03M▲ 1.2% Housing Starts1.32M▼ 2.1% REITs · VNQ$91.20▲ 0.9% Case-Shiller324.1▲ 0.3% Active Inventory1.09M▲ 3.4%

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Apartment Investment Falls as Supply Risk Pressures Pricing

Apartment Investment Falls as Supply Risk Pressures Pricing

U.S. apartment investment volume fell 16% year over year to $12.4 billion in July, according to MSCI data, with garden apartment transactions declining more sharply than mid- and high-rise deals. Apartment values also fell 4.1% year over year, while the trailing 12-month average cap rate rose to 5.6%. Key Takeaways U.S. apartment investment volume declined 16% year over year to $12.4 billion in July. Garden apartment sales fell 25% to $6.3 billion, compared with a 5% decline for mid- and high-rise apartments. Apartment values declined 4.1% year over year in July, based on MSCI’s RCA Commercial Property Price Index. The trailing 12-month average apartment cap rate rose to 5.6% from 5.5% a year earlier. MSCI cautioned that July transaction figures can be affected by seasonal activity and delayed transaction records. U.S. Apartment Investment Falls 16% in July MSCI reported $12.4 billion in U.S. apartment investment volume for July, down 16%