Not a Rumor: Student Loans are an Impediment to Home buying

The latest issue of the NeighborWorks online newsletter shares the results of its most recent “America at Home” survey on home ownership.  There are abundant data in the report, and one of those is the fact that 57% of respondents indicated that student debt is an impediment to home purchase.

Other factors slowing down home purchasing include the fact that home prices are rising faster than incomes, that there is not sufficient information about mortgages and down-payment assistance programs, and that marriage-often the trigger for a home purchase–is taking place later in life.

Piedmont Housing will not be able to control housing prices, nor will we tell you when to get married.  But if you have questions about other aspects of the home buying process, we have the information for you.