Fannie Mae Releases New Housing Insights Paper: Paper Examines Shift from Owning to Renting and the Rise in Rental Affordability

  Fannie Mae Releases New Housing Insights Paper: Paper Examines Shift from
       Owning to Renting and the Rise in Rental Affordability Problems

PR Newswire

WASHINGTON, Nov. 15, 2012

WASHINGTON, Nov. 15, 2012 /PRNewswire/ --Fannie Mae's Economic & Strategic
Research Group today released a new edition of Housing Insights that
investigates how the housing and economic downturns have affected the
homeownership and rental markets. The paper finds that homeownership rates
continue to decline, particularly among young households; that single-family
housing is absorbing a disproportionate share of new rental demand; and that
housing affordability problems are mounting among young renters while easing
for young homeowners.

Recent declines in homeownership rates among young households reflect the
effects of challenging labor markets and losses of homes to foreclosure.
Tightening of mortgage qualification criteria soon after the onset of the
housing downturn also probably contributed to the decline in homeownership
rates among the young, but in addition may have helped to create a generation
of young homeowners who have housing costs that are better aligned with
incomes.

Visit the Economic & Strategic Research site at www.fanniemae.com to read the
full Fannie Mae Housing Insights Research Paper, as well as the FM Commentary
from research author Patrick Simmons, to learn more.

Fannie Mae is a leading provider of mortgage credit in the United States. We
guarantee and purchase loans so that families can buy homes, refinance their
existing mortgages, or access affordable rental housing. Fannie Mae is focused
on assisting homeowners in distress, stabilizing neighborhoods, and
encouraging sustainable lending. We are committed to improving our financial
condition and our priorities are aligned with the public interest. Our work
supports the housing recovery today and is helping to build a better housing
finance system for the future.

Opinions, analyses, estimates, forecasts, and other views of Fannie Mae's
Economic & Strategic Research (ESR) Group included in these materials should
not be construed as indicating Fannie Mae's business prospects or expected
results, are based on a number of assumptions, and are subject to change
without notice. How this information affects Fannie Mae will depend on many
factors. Although the ESR Group bases its opinions, analyses, estimates,
forecasts, and other views on information it considers reliable, it does not
guarantee that the information provided in these materials is accurate,
current, or suitable for any particular purpose. Changes in the assumptions or
the information underlying these views could produce materially different
results. The analyses, opinions, estimates, forecasts, and other views
published by the ESR Group represent the views of that Group as of the date
indicated and do not necessarily represent the views of Fannie Mae or its
management.

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SOURCE Fannie Mae

Website: http://www.fanniemae.com
Contact: Pete Bakel, +1-202-752-2034, Resource Center: 1-800-732-6643
 
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