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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 Episode Transcript Episode 68: The Student Housing Sector Proves Its Resilience This episode features Fred Pierce, President and CEO of Pierce Education Properties (PEP), who discusses how his business helped pioneer the student housing sector. With an acquisition history of more than 27,000 acquired beds, PEP is a national leader in the business of student housing, ownership, operation, and development. Read the Episode Transcript Episode…

…hifts since the baby boom continue to create opportunities and present challenges. America has more people in their early 20s and early 60s than ever before. More people than ever have college degrees, saddled with 500% more student debt than in 2004. Opportunities abound. Women receive far more college degrees than men and increasingly earn more than their spouse. Immigration has shifted from impoverished refugees walking across the border or…

…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…

…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…

…the Episode Transcript Featured Guests Jeff Adler, Vice President, Yardi Matrix Jeff Adler serves as Vice President, Yardi® Matrix (the data division of Yardi Systems), which is a US multifamily (market rate and affordable), student housing, office, medical office, industrial, retail, and self-storage asset information toolset for originating, underwriting, and asset managing commercial real estate investments, used by many of the largest…

…s by considering: Providing Affordable Housing Solutions for Younger Households Less amenitized apartments. Younger “Connector” renters (born in the 1990s) are seeking value, as they have good jobs, but many are saddled with student debt. They don’t have parents’ financial assistance like their 80s-born “Sharer” and 70s “Balancer” counterparts. These younger renters will also consider roommates, so think about appropriate floor plans that…

…t While the 25+ portion of Gen Y will grow significantly over the next three years, their anticipated influence won’t come into play until 2020. The home buying delay for this generation is a result of three things: 1. Student loan debt. With 40% of the 18-29 year old population with established credit saddled with student loan debt, homeownership is taking a back seat. 2. The Great Recession. The persistent downturn that began in 2008 hit…

…e first-time buyer was partially responsible. NAR’s survey showed that first-time buyers1 accounted for just 33% of new and existing home sales in 2014, the lowest level since 1987. Last September we highlighted in our student loan white paper that 414K housing transactions would be lost in 2014 due to student loan debt, but this is just the tip of the iceberg holding back first-time buyers. We agree with recent surveys that conclude young…