Homeownership is Declining Among People Ages 24-32
DID YOU KNOW? Homeownership among people ages 24 – 32 fell 9 percentage points, to 36% from 45% between 2005 and 2014? According to the Fed said. many factors affected the homeowner rate but about 20% of the decline was tied directly to student debt which now totals $1.5 trillion. That translated into 400,000 borrowers who could have owned a home by 2014 but didn’t because of student loans.