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Multifamily has certainly been the favored asset class this cycle, but the exuberance may be waning. At RealShare Southern California, Kitty Wallace, EVP at Colliers International, said that properties are staying on the market longer, and in some cases for months. She spoke on the Multifamily—Overcoming the Affordability Crisis panel, and touched on the multifamily investment activity.

While properties are taking longer to trade, Wallace said that everyone is still a buyer in the market, and the demand remains strong. “Everyone is a buyer,” she said on the panel. “The market isn’t like it was three or four years ago when you could put properties on the market and get multiple offers. Today, overpriced properties aren’t moving, because the market isn’t what it used to be.”

Kelsi Maree Borland

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