By 2020, 43 million plus By 2020, 43 milliion plus renters, a continuing long-term upward swing that actually started in 1975. In fact, multifamily housing accounts for for approximately 15% of the housing stock in the U.S.
This high demand for multifamily properties may also be related to the unaffordability of homeownership, especially for millennials. Nearly say they cannot afford a house due to rising prices. This is backed by a study by the Federal Reserve Bank of St. Louis Center for Household Financial Stability, which found that millennials have almost 35% less wealth than earlier generations at the same ages.
Some of the best areas to invest in multifamily today are listed below..
- Salt Lake City
- Dallas-Fort Worth
- Tampa-St. Petersburg
- Washington D.C.
- San Antonio
- Palm Beach
- Colorado Springs
- Fort Lauderdale
- San Jose
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By 2020, 43 million plus By 2020, 43 milliion plus renters, a continuing long-term upward swing that actually started in 1975. In fact, multifamily housing accounts for