A new study, reported in the Detroit News, measures the effect of student debt on home ownership. The report estimates that 414,000 home sales will not happen this year because of student debt held by 20-40 year olds. John Burns Consulting, an Irvine, California-based firm that advises homebuilders, estimates that this figure amounts to 8% of all home sales or $83 billion a year.
Google ‘impact of student loan debt’ for more information.