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National multifamily market conditions strong, says Freddie Mac

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Despite slight moderations across the rental market, buying and leasing a multifamily property is generally positive for the majority of the 13 major metros across the U.S., says Freddie Mac. The mortgage loan company’s Apartment Investment Market Index (AIMI) reveals the national and local shifts in the multifamily market in the first quarter of 2016 compared to both the quarter prior and the year prior. The AIMI tool moderates the fundamentals of the multifamily investment market, which includes rental income growth, property price growth and mortgage rates — allowing landlords and investors to see market conditions. Nationally, AIMI values increased from 107 to 107.4 between the fourth quarter of last year and the first quarter of 2016. Freddie Mac says the quarterly …

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