Student Loan Debt is a Drag on the Housing Market

A recent report from the National Association of Realtors shows that the United States has $1.3 trillion in student loan debt.  A survey of recent home-buyers showed that one-fourth have student loan debt, typically in the amount of $25,000.  Among those who have not yet purchased a home, 71% cite student loan debt as the factor delaying them from purchasing their first home.  Unfortunately, even those who are able to buy a home have cited student loan debt as a difficulty in the home buying process.  To read the full report, click here: http://www.realtor.org/reports/student-loan-debt-and-housing-report