Ivan Kaufman discusses how millennials have been a significant driver of urban apartment demand, especially in the country’s gateway markets. But is a shift in store with Millennials and their housing needs and location preferences? Will there be an increase in homeownership as a result? Find out in this video clip exploring the Millennial demand phenomenon.

1. Millennials & Multifamily Demand
by Ivan Kaufman
ARBOR.COM • 1.800.ARBOR.10

2. 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

3. 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

4. Ivan Kaufman’s Real Estate Market Overview
Housing Affordability Index
United States, Monthly, Not Seasonally Adjusted
Source: Arbor, National Association of Realtors
50.0
90.0
130.0
170.0
210.0
250.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Housing Affordability Index (Composite)