Student Loan Debt Curbs Housing Market By $83 Billion, Study Says
There’s been lots of debate lately in housing circles about the impact of student debt on home ownership. Now there’s a new study out that attempts to put a number on that impact: 414,000.
That’s how many home sales will not happen this year because of high levels of student loan debt, according to a report from John Burns Consulting, an Irvine-based firm that advises home builders. That’s equal to about 8% of all home sales, and enough to dent the housing industry by $83 billion a year.