Potential First-time Buyers Still on the Sidelines

Challenging economic realities for younger households (under age 35, and age 35-44) have resulted in a significant decline in home-ownership in these age groups.  In fact, there were six million less households in these age categories that owned homes in 2016 compared to 2005.

Not surprisingly, student loan debt is one of the most significant factors delaying first-time home ownership.  According to National Association of Realtors research on student loan debt and housing 83 percent of non-homeowners reported that their student debt has delayed them from buying a home, with a median delay of seven years.

Source: Potential First-time Buyers Still on the Sidelines