NAR Survey Shows How Student Debt Affects Homeownership

Seventy-one percent of non-homeowners repaying their student loans on time believe their debt is stymieing their ability to purchase a home, and slightly over half of all borrowers say they expect to be delayed from buying by more than five years.

This is according to a new joint survey on student loan debt and housing released by the National Association of Realtors® and SALT®, a consumer literacy program provided by nonprofit American Student Assistance®. The results also revealed that student debt postponed 4 in 10 borrowers from moving out of a family member’s household after graduating college.

The survey also found that student debt is affecting overall housing supply by holding back some current homeowners who otherwise would like to sell.
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