Millennials & Multifamily Demandby Ivan Kaufman

ARBOR.COM • 1.800.ARBOR.10

Ivan Kaufman’s Real Estate Market Overview

• People are getting married later, so the household formation is arriving later and people are renting.

• People don’t mind smaller living areas, they just want to be located in urban centers.

Key Takeaways – Household Formation

Ivan Kaufman’s Real Estate Market Overview

• Initially, post-recession, is was very difficult for consumers to obtain a single-family home loan. That trend is now shifting for the better.

• The affordability index is at one of its best levels ever.

• Between the affordability homes, low interest rates and the agencies easing their underwriting standards, more individuals can now afford homes.

Key Takeaways – Housing Affordability

Ivan Kaufman’s Real Estate Market Overview

Housing Affordability IndexUnited States, Monthly, Not Seasonally Adjusted

Source: Arbor, National Association of Realtors

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 201550.0

90.0

130.0

170.0

210.0

250.0

Housing Affordability Index (Composite)