MSCI is only one of the sources pointing to a slowing apartment sales market this fall.
Lending for apartments decreased by 16% year over year in the third quarter, according to the Mortgage Bankers Association’s Quarterly Index of Commercial/Multifamily Mortgage Bankers Originations. Originations fell 12% compared to the second quarter.
Part of the problem is that investors aren’t able to access the leverage necessary to get deals done, according to one apartment executive.
