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Testing the Asymmetric Relationship Between Reverse Mortgages and Housing Prices

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  • Ming‐Che Wu
  • Chien‐Ming Wang

Abstract

This article uses the cross‐quantilogram approach to investigate the asymmetric relationship between Reverse Mortgages (RM) and housing prices (HP) from January 2007 to December 2023 in the U.S. It found a strong negative correlation between the HP and RM for the short term. However, in the longer term, there is a significant increase in positive correlation, especially in higher HP quantiles (0.8–0.95). This indicates an asymmetric relationship between RM and HP. Additionally, fluctuations in consumer prices, interest rates, and economic growth also significantly impact this relationship. These findings offer valuable insights for seniors and policymakers to understand the complex dynamics between Reverse Mortgages (RM) and housing prices (HP), highlighting the importance of real estate management in boosting RM demand and enhancing seniors' economic security.

Suggested Citation

  • Ming‐Che Wu & Chien‐Ming Wang, 2026. "Testing the Asymmetric Relationship Between Reverse Mortgages and Housing Prices," American Journal of Economics and Sociology, Wiley Blackwell, vol. 85(1), pages 7-11, January.
    • Handle: RePEc:bla:ajecsc:v:85:y:2026:i:1:p:7-11
    DOI: 10.1111/ajes.12641
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