NAR survey shows how college, student debt affect homeownership

Employment is not the only reason millennials are avoiding homeownership, however. Other factors such as tougher loan standards, student loan debt and. continues to show consumer aspiration for.

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The Effect of . Student Debt . on Home Ownership . 4 Ways to Manage Your Student Loan Burden (Forbes, April 1, 2016) described the increase in student loan debt as a significant challenge that faces students, graduates, and parents – with a total of $1.2 trillion in outstanding student debt. While it suggests ways those with student debt

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Those are the figures reported in a survey by the National Association of Realtors and SALT, a consumer literacy program provided by American Student Assistance, according to the article "NAR survey shows how college, student debt affect home ownership" by Kelsey Ramirez on

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Student Debt Delaying Millennial Homeownership by 7 Years. This is according to a new joint study on millennial student loan debt released today by the National Association of Realtors and nonprofit American Student Assistance.. the survey found that student debt is forcing millennials.

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If you’re a recent college grad and hope to become a homeowner in the near future, you should know that student loan debt could affect buying a home by making it more difficult to get a mortgage. Some 83% of non-homeowners say student loan debt is preventing them from buying a home, according to the National Association of Realtors (NAR).

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