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In Q2, The Freddie Mac Multifamily Apartment Investment Market Index (AIMI) turned negative for the first time in 11 years. But that turn didn’t last long.

In Q3, the AIMI rose by 1.9%. Freddie Mac says the change reflects mixed net operating income and property price growth after the pandemic drove negative NOI growth in the previous quarter. On an annual basis, AIMI rose by 2.0% as mortgage rates decreased by 44 bps.

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