CBRE Declares the Multifamily Market Has Bottomed Out

“The U.S. multifamily market has likely turned a corner and has reached stabilization, as improving fundamentals buoy market sentiment, CBRE said in a quarterly report.

‘Sentiment has improved significantly, as many investors believe that values have bottomed,’ Kelli Carhart, executive managing director of Multifamily Capital Markets at CBRE, said in a statement accompanying the report. ‘We expect transaction volume will remain healthy throughout the balance of the year.'”