Partner Research

Seniors' Access to Home Equity: Identifying Existing Mechanisms and Impediments to Broader Adoption

February 28, 2017

Why are older homeowners so reluctant to draw on housing wealth to help secure a more comfortable retirement? In the second of a series of studies on seniors and home equity sponsored by Fannie Mae and conducted by the Urban Institute, Karan Kaul and Laurie Goodman begin to explore this conundrum. The new working paper describes the various mechanisms that seniors could use to access home equity, identifies impediments keeping them from extracting equity, and offers recommendations for overcoming these obstacles.
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Starting to Understand the Potential Role of Home Equity in Enhancing Retirement Security

November 1, 2016

In the first of a series of studies sponsored by Fannie Mae, the Urban Institute examines the potential role of home equity in improving retirement security.
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Education and the Intergenerational Transmission of Homeownership

September 14, 2016
In a new study sponsored by Fannie Mae, researchers from the University of Southern California unpack the complex linkages between educational attainment and homeownership attainment. As parents play a role both in supporting their children’s education and in helping them buy homes, the authors examine the importance of parental background compared with individual resources (including education) in the achievement of homeownership. Overall, the findings suggest that parental background has a strong effect on children’s chances for both higher education and homeownership, but education maintains an independent effect on homeownership attainment that could help reduce disparities in access.
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Parental Financial Assistance and Young-Adult Homeownership

April 26, 2016
In this study, researchers from the University of Southern California examine the prevalence of parental financial assistance and its effect on young-adult transitions into homeownership. This Fannie Mae-sponsored research is the first installment in a series of studies that will examine the roles of parental resources, educational attainment of parents and children, and other factors in the homeownership attainment of young adults, with an eye toward better understanding the homeownership prospects of the Millennial generation.
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Harvard University's Joint Center for Housing Studies (JCHS) Conducts Own-Rent Decision Research Using Fannie Mae National Housing Survey Data

May 2014
In May 2014, the Harvard University JCHS published a research paper that analyzes the role behavioral factors play in individual decisions about owning and renting a home in the United States. To produce the paper, the author leveraged data from Fannie Mae's National Housing Survey and was assisted by the company's Economic & Strategic Research Group.
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Fannie Mae's Economic & Strategic Reseach Group collaborates on research paper with Harvard University's Joint Center for Housing Studies

August 13, 2012
The Harvard University Joint Center for Housing Studies (JCHS) published a research paper that analyzes whether recent distress in the housing market has any measurable impact on Americans' views of owning versus renting. To produce the paper, titled "Post-Recession Drivers of Preferences for Homeownership," the authors leveraged much of the data from Fannie Mae's 2010-2011 National Housing Surveys and were assisted by the company's Economic & Strategic Research (ESR) Group.

In summary, the JCHS analysis "finds little evidence to suggest that individuals’ preferences for owning versus renting a home have been fundamentally altered by their exposure to house price declines and loan delinquency rates, or by knowing others in their neighborhood who have defaulted on their mortgages." These conclusions are similar to those in Fannie Mae's August 2012 Own-Rent Analysis, published by the ESR Group.
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