Publications

- May 1, 2018: Vol. 30, Number 5

To read this full article you need to be subscribed to Institutional Real Estate Americas

Renting the new American dream: Trends affecting the residential market

by Kenneth Munkacy

For most baby boomers, achieving the American dream meant having what their parents had — owning a home and raising a family in it. Today, the elements of the American dream have shifted for people in their 20s, 30s and even older, thanks to a confluence of economic and societal factors. One major change? Owning a home may no longer be a necessary element of achieving the American dream. Even for those who would like to own a home, financial challenges and a lack of inventory are proving to be a barrier.

What this means for the multifamily sector is the fundamentals remain strong for those interested in investing, particularly in markets that haven’t been the focus of the recent multifamily-construction boom. There is a need for quality, affordable apartments where people can fulfill their own American dream, whatever that looks like, even if their name is on a lease and not a mortgage title.

The lingering effects of the housing crash

The c

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy