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Keywords:Housing Affordability 

Working Paper
Partial Homeownership: A Quantitative Analysis

Partial Ownership (PO), which allows households to buy a fraction of a home and rent the remainder, is increasing in many countries with housing affordability challenges. We incorporate an existing for-profit PO contract into a life-cycle model to quantify its impact on homeownership, households’ welfare, and its implications for financial stability. We have the following results: 1) PO increases homeownership rates. 2) Willingness to pay increases with housing unaffordability and is highest among low-income and renting households. 3) PO increases aggregate debt as renters become partial ...
Finance and Economics Discussion Series , Paper 2024-070

Journal Article
At the Richmond Fed: Taking a Closer Look at Housing

Housing is an important consideration as the Federal Reserve promotes price stability and maximum sustainable employment. The Richmond Fed has spent the last year and a half closely studying this sector of the economy for that very reason, with a particular focus on the small towns and rural communities of its region.
Econ Focus , Volume 24 , Issue 4Q

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