San Francisco is among the cities that saw the most dramatic tapering in apartment rent growth in 2016, says Yardi Matrix.

SANTA BARBARA, CA—Even as rent growth continues to slow,multifamily market fundamentals in most metro areas will remainspositive, Yardi Matrix said Monday. The firm's new report, Can the Good Times Keep Rolling?, provides a mainlyaffirmative answer to that question, albeit with some caveats.Aside from the tapering rent growth, “transaction yields havelikely bottomed and oversupply is going to negatively impact somelocales,” in particular when it comes to occupancy rates, accordingto the Yardi Matrix report.

Looking ahead to the changing of the guard in Washington, DC,Yardi Matrix notes that the new administration and Congress “areexpected to inject some stimulus into the economy in the form oftax cuts, infrastructure spending and reduction of regulations onbusiness. That brings with it prospects for an improvement upon themoderate growth” the US economy has seen in the past several years.That being said, there are potential headwinds in the form of “thepossibility of tariffs or focus on unproductive policies such asdeportation.”

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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