Palm Springs, Calif., has been a redoubt for snowbirds and show business royalty at least since the 1930s.
Student loan debt discourages young adults from taking on mortgages
Even though it's the right time to buy, repaying loans remains the priority.
July 28, 2016
Photo: Pixabay.
About half of young adults who rent their homes are reluctant to take on a mortgage due to their student loan debt, according to a recent National Association of Realtors HOME survey. This is despite the fact that 75% of households believe that it is a good time to buy a home.
Young adults should be entering the housing market in greater numbers than they are, but the emotional and financial strain of repaying student loans are putting a damper on their willingness to buy, and NAR representative says.
More like this
- With Rising Student Loan Debt, Young Adults Delay Marriage
- Student loan debt: another housing market dampener
- Market Update: Student debt may not be a drag on housing; Bankers wait and see on mortgage rules; Can cheap gas fuel housing?
- Student debt may not be the drag on housing we thought it was
- Percentage Of Young Adults Living With Family Reaches 75-Year High
Comments on: "Student loan debt discourages young adults from taking on mortgages"
Point Of View
Got a story you want to share with PB readers? Write ddersin@sgcmail.com or aalbert@sgcmail.com
Ask Mollie
Q. My sales person seems to be doing a good job with our social media, but how can I tell for sure?
—Builder, La.
Blogs
July 14, 2017
When we are completely focused on a task, we’re said to be “in the zone.” I call it being on a roll, and once it kicks in I can write for hours without a break, and invariably I do my best work.
Videos
Astonishing test of waterproofing materials takes ASTM D779 out of the lab and into Lake Tahoe.
Related News
SUBSCRIBE TODAY
Enter your email address here to be automatically subscribed to our daily newsletter!
PB-Codes and Standards
