College Debt Is Postponing Homeownership—but by How Long?
College debt is having a compounding effect on how millennials perceive
and plan for homeownership. Eighty-three percent of millennials in a
recently released report by the National Association of REALTORS® (NAR) say
they are delaying their home-buying plans by a median seven years as a result
of their student loan debt. Twenty percent of the millennials surveyed in the
study are homeowners; 80 percent are not. The typical millennial
homeowner is burdened by $41,200 in student debt, and earning $38,800 annually.
September’s home sales statistics for 5 popular NW Austin neighborhoods
