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California’s multifamily markets buck the national trend

Diverging market conditions across the state create challenges and opportunities
CoStar Analytics
September 24, 2024 | 8:17 P.M.

Buffeted by the diverse impacts of the COVID-19 pandemic lockdowns, stimulus funds, inflation and rising interest rates, the apartment sector has had a tumultuous time in the past few years, nationally and in California. As we head into the last quarter of 2024, where do California’s major multifamily markets stand and what challenges and opportunities lie ahead?

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