Student Loan Debt Affecting Housing Market

Recently, the National Association of Realtors did a study regarding the affect of student loans are having on first-time homebuyers.  Astonishingly, the number of first time buyers are 29% below their peak of 50% in 2009 – the main reason being the growing student debt payments preventing these buyers from obtaining mortgages.  Below is a short 2 minute video explaining the need for some kind of reform to allow the dream of homeownership to be a reality for today’s young professionals.

NAR: Student Loan Debt Affecting Housing Market?

Student loans have gotten out of control.  It seems now that while a student loan costs a borrower interest, it has already started to cost something even more – the ability to buy a home.  This statistic will have a ripple effect on the economy, and some reform to the student loan process must happen in order to avert another type of financial crisis.

David R. Madaffari, Realtor
Keller Williams Realty – First Choice
Office: 225.744.0044
Cell: 225.772.3283 (DAVE)
37325 Market Place Dr. Ste D
Prairieville, LA 70769
www.DavidMadaffari.com
Each office independently owned and operated

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s