Historic figures were recorded in the Freddie Mac Multifamily Apartment Investment Market Index (AIMI) for Q2 as it decreased nationwide on both a quarterly and annual basis, driven primarily by record mortgage rate growth.
The nation and 11 markets experienced their largest annual AIMI decline in the history of the index. AIMI overall fell by 11.7% in Q2, with the index down 17.9% compared with the second quarter of 2021.
The AIMI index takes into account employment, multifamily permits, net operating income and property price and helps investors determine how the relative value of investing in multifamily properties in select major metros.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
