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…loan debt hurts housing market 9/26/14 Pacific Union Student Loan Debt Holding Back Housing Recovery 9/25/14 PRWeb Heritage Wins 2014 STARS Award 9/25/14 Fox 4 Consumer Watch: Bending bummer, Blackberry’s latest & Student loans 9/25/14 Main Street Student Debt Taking About $83B From Real Estate Market This Year 9/24/14 WPTZ News Channel 5 Is student loan debt hurting the housing recovery? 9/24/14 Houston Agent Magazine 414,000 Home…

Student Loans Will Cost the Industry $83 Billion this Year

…t loans to less than 1% for those paying over $1,300 per month. Other factors contribute to even less entry-level buying today. While we applaud the increasing education, we need to realize that it comes with a cost known as student debt. We raised the red flag on student debt back in 2011 and continue to believe that this debt will delay homeownership for many, or at least require that they buy a less expensive home.   If you have any…

Skyrocketing Student Loan Debt Will Delay Homeownership

…to qualify for a mortgage, especially if more and more graduates are hit with credit blemishes from unpaid student debt. To help struggling graduates, the Obama Administration recently announced a program to help those with student debt reduce their payments down to 10% of their income. However, with student loans at 10% of income, how will these people be able to qualify for a home? All of this analysis contributes to our belief that the…

A Generational Shift in the Making

Categories: Rental Housing

…he debt market is quite opaque. However, if the Consumer Financial Protection Bureau’s recent estimate is correct, and total outstanding student loans exceed $1 trillion, then there’s $550 billion more in private student loans outstanding. At $1 trillion, outstanding student loans equate to roughly 6.5% of U.S. GDP. To put this in perspective, U.S. student indebtedness now exceeds the GDP for all but 15 of the 184 countries tracked…

Student Debt’s Drag on Homeownership

…omic growth at less than half of the rate of their parents (see GDP growth per person during prime working years below) will almost certainly be unable to equal the homeownership of prior generations. We first called out the student loan home buying problem in 2008 and have been fine-tuning the analysis ever since. (Here is a link to nine articles we have written.) In 2014, we wrote a 30-page paper concluding that student debt was costing the US…

New Home Insights Podcast Episode 56 Transcript

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…people. This is the place to be, like where people live is where there’s been enormous success. And also, you got a lot of tailwinds ahead of you. So it’s a great bunch of sectors to be in. Dean Wehrli: How about student housing, though. That’s a little bit different in terms of where people live, because people aren’t physically on campus like they were. Has that sector been a little bit more like office? Jeff Adler:…

Some Facts Regarding Today’s Changing Home Buyer

…ss down. Without FHA financing and a recovering mortgage insurance industry, this buyer would be almost extinct. 31% get help. 31% of young buyers received a gift or loan from a friend or relative. Student debt a big hurdle. Student debt was cited by 54% of young buyers as the biggest impediment to saving the down payment. We estimate that student debt resulted in 8% (414,000) fewer home sales in 2014 than would have been the case if debt levels…

New Home Insights Podcast Episode 14 Transcript

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…s not so much that they’re not buying, they’re just buying later in life. There’s this idea that student debt is keeping them from buying. I know that a couple of years ago we did this white paper that said student debt reduced home buying activity by 8%. They’re still buying, it’s just later in life. A lot of people think millennials just aren’t financially savvy, that they don’t realize it’s…

The Light: Does It Take a Pandemic to Get Millennials to Buy?

…on-line. One in four couples in their mid-20s to mid-30s are dual income and college educated, allowing them to skip the true entry-level stage, and buying a first home more akin to a move-up, even if they are still carrying student debt. . Challenge: First-time buyers may be least confident in their job security and are most likely to have higher than typical levels of debt (such as student debt). These people are not buying today. . Home…

Ongoing Insights

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…or Activity Snapshot (August 2015) Investigates how investor activity shifted through the economic recovery. California’s Worst Drought (April 2015) Explores the impact of California’s drought on California’s housing market. Student Debt and Delayed Homeownership (September 2014) Examines the effects of student loans on housing transaction volume. Click Here to Download the White Paper Additional White Papers Boomerang Buyers: A Boost to 2014…