ECONOMIC LETTER
Young adults are more likely to own a home if their parents are homeowners than if their parents are renters. New research reveals how parents owning a home can lead to an increase in the persistence in homeownership across generations. This “dynastic” home equity enables children of homeowner parents who extract equity to have up to 26% more housing wealth by age 30 than children of renters.
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From the President
Keynote Address
Orange County Business Council
November 21, 2022
Upcoming Event
December 15, 2022
Economic Letter
How households expect inflation to evolve plays an important role. Household expectations rose dramatically over the past year or so, much faster than professional forecasters’ inflation expectations. Analysis suggests that one-fourth of the increased gap can be attributed to heightened negative media coverage, highlighting the impact of economic information on the real economy.
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Supervision in Brief
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