Federal Reserve Bank of Cleveland: Intergenerational Homeownership and Mortgage Distress
June 19, 2020
June 19, 2020
CLEVELAND, Ohio, June 19 -- The Federal Reserve Bank of Cleveland issued the following economic commentary by Nicholas Fritsch, data scientist in the Supervision and Regulation Department, and contributing author and ex-employee Rawley Z. Heimer:
Recent analyses show that rates of US homeownership have declined for most age groups in the past two decades. According to a Federal Reserve Bank of New York report, for example, homeownership rates fell from 1994 to 2015 for people aged 2 . . .
Recent analyses show that rates of US homeownership have declined for most age groups in the past two decades. According to a Federal Reserve Bank of New York report, for example, homeownership rates fell from 1994 to 2015 for people aged 2 . . .