Lenders' Insatiable Appetite for Commercial Real Estate
Is the Bloom Off the Homeownership Rose? | by Jerry Ascierto | Pointing out that the national homeownership rate has fallen to a 13-year low, Jerry Ascierto asks if the shift represents a cyclical move away from ownership or a structural adjustment. In response, Sam Chandan offers that "there’s no evidence at this point to support the definitive thesis that young American households are permanently biased away from homeownership." Still, apartments benefits in the long run, he says, because of changes in the structure of housing finance that will keep more people in the rental fold.
Read the full story at the Apartment Finance Today website.