Industry News

Home ownership improves your health

Fannie Mae studies relationship between wealth, health
Published on Jun 9, 2004

Home ownership builds wealth and that creates health was one conclusion reached in a new study in the Housing Policy Debate, an esoteric research publication produced by secondary mortgage market giant Fannie Mae's Foundation. The research article, "Does Housing Mobility Policy Improve Health," examined a litany of studies that attempted to show that better housing conditions improve public health. Home ownership is at the apex of the housing ladder and seems to result in the healthiest people. The research showed: One study found that home ownership helps prevent long-term illness. Another showed that children living in houses owned by their parents experienced lower rates of behavioral, emotional and cognitive problems. Home ownership may confer psychological benefits, according to one study conducted by the U. S. Department of Housing and Urban Development. Home ownership also carries some risk to health. For example, a British study showed that "when homeowners experience...

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