The U.S. population is experiencing sweeping demographic changes that are altering housing demand. The population is aging rapidly, and homeowners face difficult decisions about whether to “age in place” in their homes or move, a situation made more complex by some homeowners’ need to access home equity, the largest source of savings many have. Meanwhile, household formation among younger generations is on the rise, with prospective homeowners facing a limited supply of homes, rising interest rates, and affordability pressures. The future may also bring unique challenges related to disaster events, global migration stemming from geopolitical crises, and postpandemic changes in remote versus in-person work.
To better understand these issues, Fannie Mae’s Economic and Strategic Research Group and the Federal Reserve Bank of Philadelphia's Consumer Finance Institute co-organized a workshop that examined the evolving relationships between demographic change, housing demand, and housing finance.
Download the agenda to review conference details and to access select papers.
Questions can be directed to CFIHousingWorkshop@phil.frb.org.