The Freddie Mac Multifamily Apartment Investment Market Index (AIMI) continued its upward trend during the third quarter, rising 5.3% nationwide quarter over quarter and 9.2% year over year.
The index rose in all markets for the quarter, unlike during the second quarter when AIMI rose nationally but metro-level performance was mixed, the agency said. Annual increases were particularly strong on the West Coast, with Oakland up 17.3% and San Francisco up 15.7% year over year. Mountain West markets turned in a strong performance as well, with Denver rising 16.1% year over year.
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