College Debt Is Postponing Homeownership—but by How Long?

College debt is having a compounding effect on how millennials perceive and plan for homeownership.
Eighty-three percent of millennials in a recently released report by the National Association of REALTORS® (NAR) say they are delaying their home-buying plans by a median seven years as a result of their student loan debt. Twenty percent of the millennials surveyed in the study are homeowners; 80 percent are not. The typical millennial homeowner is burdened by $41,200 in student debt, and earn