Themes 3 and 4 of Fannie Mae’s Own-Rent Analysis include research titled:
Press Release (En Español)
Theme 3: Economics of Owning and Renting Through the Cycles and Across Geographies (PDF)
Theme 4: Renting and Owning Behaviors by Race, Ethnicity, and Immigration Status (PDF)
Own-Rent Analysis Fact Sheet (PDF)
Overview of 2010 Key Findings
According to U.S. Census Bureau forecasts, the population is predicted to become more racially and ethnically diverse, and most population growth will come from immigrants and their descendants.
Strong homeownership aspirations exist across races, ethnicities, and immigrant groups, indicating that current disparities in homeownership rates may not persist in the future, particularly if personal finances improve.
Homeownership rates converge regardless of race, ethnicity, and immigration status among people with higher incomes. And for immigrants, homeownership also increases with tenure in the U.S.
While overall homeownership rates are fairly similar across Cleveland, Phoenix, and Seattle, home prices and unemployment rates varied, contributing to very distinct real estate markets.
Despite these differing housing market histories, residents of all three cities have similar, positive views about the benefits of owning for both financial and lifestyle reasons:
Survey MethodologyPenn Schoen Berland, in partnership with Oliver Wyman, conducted telephone interviews with 2,041 members of the United States general population plus 1,566 additional respondents from geographic areas of interest. To inform the survey design, focus groups were held in Washington, DC and Phoenix, AZ during July and August 2010. The telephone interviews were carried out during August and September 2010. In addition to the focus groups and telephone survey, additional research was conducted to evaluate the survey findings comparatively with historical market experience.