Can the recent remarkable run in apartment demand and property values continue into 2017? Last year, some experts predicted the record number of new units expected to come online in the multifamily sector in 2016 would cause rents to moderate, vacancies to increase, and sales to dip below the record high levels of 2015. But that didn't happen. Multifamily continued to outperform other property sectors in 2016. Sales volume maintained pace throughout 2016, and per unit prices

The Federal Housing Finance Agency (FHFA) said continued high levels of property acquisitions and deliveries of newly constructed apartment units, as well as record levels of loan maturities requiring refinancing, have resulted in the 2016 multifamily finance market being larger than originally estimated. Consistent with FHFA’s 2016 Scorecard, in which the housing agency committed to make quarterly adjustments upon reviewing the size of the multifamily finance market, FHFA an