by David Kopita Business Analyst, Economic and Strategic Research
Historically, most mortgage origination volume comes from traditional purchase and refinance mortgages on primary residences. A smaller, yet significant portion of the market consists of purchase originations for second homes – homes that are neither the borrower’s primary residence nor an investment property.
During the housing downturn, the second home mortgage market experienced a severe decline. However, in each year since 2009, the share of the mortgage market consisting of second home purchases has grown. ...Read more »
by Tanya Zahalak Economist, Multifamily Economics and Market Research
Public housing is perhaps the most well-known type of affordable multifamily housing. It is rental housing that has traditionally been both publicly funded and publicly owned.
Public housing provides the third-highest number of subsidized multifamily units, with the Low Income Housing Tax Credit (LIHTC) and the Project-Based Section 8 programs being first and second, respectively. ...Read more »