Student Loans Impact Homeownership
Posted by ERA Landmark Real Estate on
So much good comes from being a “college town,” and the benefits that Montana State University brings to Bozeman and Southwest Montana are numerous. However, a somewhat understated issue involves the difficulty for Montana college graduates being able to afford to stay in their home state once they have completed their degree. It goes even deeper in that when they do stay, homeownership is more daunting than ever. This concern is not just a local one. I recently attended the 2016 REALTORS® Legislative Meetings and Trade Expo in Washington D. C. where experts, including the National Association of REALTORS® chief economist Lawrence Yun, spoke to the nationwide challenges the housing market is currently facing.
The percentage of first-time homebuyers is…
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