Renters in multifamily apartments of five or more units currently account for 15 million U.S. households and that figure is expected to rise even more as demographics and housing preferences shift, a Fannie Mae executive said.
Various factors are driving the increase in rental housing affordability, including demographic trends, household formations, higher credit standards for residential mortgages and changing attitudes about homeownership in light of the housing crisis, according to Senior Vice President David Brickman of Multifamily at Freddie Mac. Brickman made those assertions in a blog this past week.
However, adequate, affordable rental housing is hard to find in certain parts of the country due to gross rent, which is rent plus tenant-paid utilities.
Read more...Freddie Mac: Multifamily affordability is now a key focus | HousingWire
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.