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Education and the Intergenerational Transmission of Homeownership
Monday, September 19, 2016 6:40 AM

As student loan debt has mounted and young-adult homeownership rates have fallen over the past decade, considerable attention has focused on the nexus among student loans, education, and homeownership. But how important are parental resources compared with individual resources (including education) in the achievement of homeownership?

In a new study sponsored by Fannie Mae, researchers from the University of Southern California unpack the complex linkages between adult children's homeownership attainment, their education and other characteristics, and their parents' resources. The authors take a longer view of accumulated homeownership status, and adopt an intergenerational perspective through which parental resources promote children's homeownership over a much longer time period and in multiple ways.

Overall, the study demonstrates how little the education effect on homeownership is dampened when parental resources are controlled. This suggests that the educational boost to homeownership is largely independent of the parental resources that may have helped increase education.

Read about the study and key findings in a new FM Commentary, "Education and the Intergenerational Transmission of Homeownership."

See also:
The "Bank of Mom and Dad" and Young-Adult Transitions into Homeownership