Real Estate and Events in Katy TX and Surrounding Communities

Freddie Mac calls for 100 billion in annual multifamily investment

“The head of Freddie Macs multifamily division projects that the asset class needs 1 trillion in capital over the next decade. That is 100 billion every year earmarked to build 10 million additional apartment units over the next 10 years. David Brickman, senior vice president of the government-sponsored enterprises multifamily division, said financially stressed households will be forced into rental markets, only to compete with new households who are unwilling to buy.”In fact, the decline in the homeownership rate has been sharpest for those household heads under 30 years of age,” writes Brickman in a Freddie Mac blog post. “For every 1% that the current homeownership level of 66% decreases, 1 million individuals become renters.””

via HOUSTON – KATY AREA REAL ESTATE BLOG.

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