NEW YORK CITY-Sales of multifamily buildings are increasing for the first time since the real estate market collapsed in 2008. According to Marcus & Millichap Research Services, apartment sales reached $7.1 billion in Q2 2010.
Closed sales totaled $2.6 billion in August 2010, according to Real Capital Analytics. Due to an increase in apartment sales, new apartment listings are on the rise. The increase in sales volume has resulted in a subsequent surge in housing prices.For the full story, go to Wall Street Journal.
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