loan debt

After eight years of examining its impact, the National Association of Realtors (NAR) says that student loan debt is one of the most significant barriers for potential homebuyers. A poll by NAR found that more than half of non-homeowners say their student loan debt has delayed their ability to buy a home. Of 1,995 respondents, 51% said their student loan debt delayed them from buying a home, with 47% saying it prevents them from saving for a down payment. For millennials, that number jumps to 60%. Forty-six percent of debt holders say they would use their additional funds to buy a home if their loans weren’t an issue. “Housing affordability is worsening, leaving future home buyers with student debt at…