Multifamily Growth Rates Expected To Increase

According to Freddie Mac’s multifamily report, rent and vacancy rates will experience measurable growth throughout 2014 and will reach long-run historical levels. The report forecasts that cap rates will stay below 7% over the coming year, and interest rates will increase. As a result, this will promote higher property values. The executive vice president of Freddie Mac Multifamily, David Brickman said, “as the broader economy continues to grow, we expect the overall multifamily sector to remain strong in 2014. Revenue growth in the industry will continue to perform near or above historical averages, but at lower rates than the previous two years.” More here