Student Loan Debt is Hurting the Housing Market, Survey Finds #homeownership #realestate

Source:  Washington Post

Nearly three-quarters of people who are repaying student loans say their debt is hindering them from buying a home.  The survey found that many would-be homeowners are increasingly burdened by student debt, according to the survey conducted by the National Association of REALTORS and the nonprofit American Student Assistance.  Seventy-one percent of those surveyed said their student loan debt is delaying them from buying a home.  More than half said they expect that delay to last longer than five years.  Because of their student debt, 69 percent said they don't feel financially secure enough to buy a home, while 80 percent said they can't save for a down payment.

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