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Apartment Transaction Volumes Fall Across Most Major U.S. Metros

New Supply, Rising Interest Rates Among Reasons

By Bill Kitchens | Monday, December 18, 2017

Photo of Apartment Transaction Volume

Apartment transaction volumes were down 21.8% for the year ending in the third quarter of 2017, sparked by decelerating activity in major metros, according to Data from Real Capital Analytics and reported by RealPage.

Several factors have caused the decline, RealPage analysts found. Record transaction activity has generated increased prices, and the explosion of luxury supply in urban core submarkets increased competition. Rising interest rates are another factor.

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Bill Kitchens

Bill Kitchens

Market Analyst

Bill Kitchens is a Market Analyst with RealPage. Prior to joining RealPage, he spent two years with a management consulting firm specializing in executive search, board consulting and leadership strategy services. He holds a bachelors and masters in economics from the University of Texas at Dallas.

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