There has been a lot of talk around the differences in buying patterns for Millennials — everything from not owning televisions, to living (much) longer with their parents, to not buying homes even when they do move out of the basement. Particularly over the last decade, the rabid increase in student-loan debt has been used as a partial explanation for these differences. However, it looks like that isn’t true. CNBC reports on a study by TransUnion which seems to show that, while Millennial buying patterns may differ from those of previous generations, it does not appear that student-loan debt has any impact on home buying.
Theresa Springer’s Blog
Student Loans Not Stopping Millennials from Buying Homes
May 20, 2015