The National Association of Realtors and the nonprofit American Student Assistance released a joint study on millennial student loan debt, finding that an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying.
Only 20 percent of millennial respondents currently own a home, and they are typically carrying a student debt load that surpasses their annual income.
Find out what Chief Economist Lawrence Yun had to say about these findings and what it means for the broader housing market.
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