Recent Freddie Mac Multifamily research highlights that rents are growing faster than income and that fast-growing metros are losing affordable units at a much higher pace than the nation. In this episode, Steve and Corey sit down with Kevin Burke, lead author of the recent report Diminishing Affordability – Inescapable, and discuss the correlation between population growth and affordability.
- Chapter 1: 0:00 - 3:42 – Background and market trends
- Chapter 2: 3:42 - 16:06 – National and metro-specific analysis
Diminishing rental affordability is a core focus area of our research and we are dedicated to assessing and addressing this vital issue. Click on the links below for additional insights from our team.
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VP Research & Modeling
Steve leads multifamily research at Freddie Mac. In this role he performs research related to national and market-specific multifamily conditions. His team supports the multifamily business by developing models and quantitative approaches that determine risk-based capital allocations. The models capture loan level risks and also the benefits of the diversification and structural credit support for pools of multifamily mortgages, supporting the core business strategies of Freddie Mac Multifamily.
Director of Community Mission and Impact Finance
Corey is the Director of Community Mission and Impact Finance at Freddie Mac Multifamily. In this role, he oversees our Duty to Serve initiatives as well as research and development activities that further our support for affordable housing and underserved markets nationwide.
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