ATLANTA—Homeownership rates have been dropping in the past decade, and not just for millennials. How would a potential uptick—as some are predicting—affect the multifamily market?
GlobeSt.com caught up with Steven DeFrancis, CEO of Cortland Partners, has some insights. He shares with us in part two of this exclusive interview. You can still read parts one and two: Is the Apartment Bubble Real? and Addressing an Under-the-Radar Demographic.
“A rebound in the homeownership rate has long been a popular hope in the marketplace—and not a fact-based prediction or honest assessment of the data,” DeFrancis tells GlobeSt.com. “Without very focused fiscal initiatives aimed at boosting homeownership, a material increase seems unlikely.”
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