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January 08, 2020

Changing Demographics with Jung Choi

The millennial generation recently became the largest population cohort, surpassing the baby boomers. And the baby boomers now make up the largest seniors population cohort in US history. These two demographic changes have broad implications for both the housing market and the economy overall. In this podcast, Corey and Steve discuss these trends – as well as where the homeownership gap is most prevalent – with Jung Choi, research associate at the Urban Institute.

  • Chapter 1: 0:00 - 3:00 – Demographic shifts
  • Chapter 2: 3:00 - 10:15 – Millennials, what’s different with this generation?
  • Chapter 3: 10:15 - 16:00 – The housing needs of an aging population
  • Chapter 4: 16:00 - 21:30 – Barriers to millennial homeownership
  • Chapter 5: 21:30 - end – Solutions, FinTech and innovations

Listen to other episodes in the series.


This podcast is for informational purposes, and is not advocacy, legal interpretation, nor a statement of policy. Reference to any specific product or entity does not constitute an endorsement or recommendation by Freddie Mac unless explicitly stated. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Freddie Mac employees are those of the employees and do not necessarily reflect the view of Freddie Mac or any of its officials.

About the Podcast Hosts

Steve Guggenmos

Steve Guggenmos
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.

Corey Aber

Corey Aber
Senior Director of Mission, Policy and Strategy

Corey is the Senior Director of Mission, Policy and Strategy 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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