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.
Read more about this study at: http://www.realtor.org/news-releases/2016/06/71-percent-believe-student-debt-delays-homeownership