Student Debt May Hurt Housing Recovery by Hampering First-Time Buyers

Julie C. Nichols General

Chicago Tribune – Dina ElBoghdady

The growing student loan burden carried by millions of Americans threatens to undermine the housing recovery’s momentum by discouraging, or even blocking, a generation of potential buyers from purchasing their first homes. MBA President and CEO David Stevens said this is a "huge" issue, noting student debt could have an "extraordinary dampening effect" on young peoples’ ability to borrow for a home, which could affect the housing market and economy. –

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