Still, the housing market remains healthy nationally.

The performances, however, were uneven.

This comes as interest rates become more favorable to buyers.

CBRE's survey finds 70% plan to increase allocations, encouraged by stabilizing rates and improving returns.

Nearly 91,000 new income-restricted apartments were completed last year, a 73% increase over the previous five years.

A balance of affordability, appreciation potential and lighter competition earned Indianapolis the top spot.

Net absorption reached its highest point in more than two years, led by custom developments.

Once the top destination for global CRE investors, the U.S. now trails European and Asia-Pacific markets.