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Consumer Research & Analysis

Fannie Mae's Economic & Strategic Reseach Group collaborates on research paper with Harvard University's Joint Center for Housing Studies

On Aug. 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.