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NAR forecasts economic output to expand at a stronger pace of 3.0 percent in 2018. Availability of multifamily housing is expected to rise, and industrial spaces will see steady rent growth.
In Q2 2018, investment sales slowed, sales volume rose by only 0.5 percent on a yearly basis, and cap rates moved sideways. Low inventory remained the principal concern for REALTORS®, as a wide pricing gap between buyers and sellers affected over 20 percent of respondents. Prices grew 5.1 percent year-over-year. Leasing activity picked up, as vacancies experienced upward pressures.
In Q1 2018, sales volume rose by 4.2 percent on a yearly basis, as cap rates experienced slight compression. Low inventory remained the principal concern for REALTORS®, as a wide pricing gap between buyers and sellers affected about 20 percent of respondents. Prices grew 6.7 percent year-over-year. Leasing activity moderated, posting higher volatility, as vacancies picked up.