Friday 21st July, 2017
student-debt-major-factor-in-delayed-home-ownership

Student debt major factor in delayed home ownership

Business Journal - Tuesday 18th July, 2017

The amount of student loan debt held by young people has a large impact on the housing market.

That's the main subject in a recent CNN Money report, based on new information from the Federal Reserve Bank of New York released last week. The story says student loans have contributed to a falling homeownership rate, from 32 percent of people in their 20s who owned homes in 2007 to 21 percent in 2016.

The report also pointed out a direct correlation between the amount of student debt and how it contributes...

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