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Student Loan Debt a Homeownership Barrier for Women and Millennials |
By Liz Dominguez |
Rising interest rates, a seller's market and increasing home values…these are just a few of today's market challenges for buyers. While 92 percent of adults say homeownership is an important part of the American Dream, student loan debt is the predominant obstacle, according to the sixth annual NeighborWorks America at Home survey. This is especially true for millennials and women—underrepresented segments within the homeownership space. Student loans have amassed previously inconceivable amounts of debt, currently towering at $1.5 trillion and comprising 42 percent of all consumer debt. This school-related debt has ballooned by 130 percent since 2008, according to the report ...
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