Tag Archives: Rising Student Loan Debt Keeps Buyers Out

Between 2004 and 2012, student loan balances nearly tripled, according to a new survey from the Federal Reserve Bank of New York. What’s more, one-third of student loan borrowers are delinquent on their debt, according to the Federal Reserve report. This will impact their credit rating and possibly keep them out of the mortgage market much longer if they don’t look into lien searches. “Short term, you see a decrease in the number of first-time home buyers,” Brian Coester of Coester Valuation Management told CNBC. “You’re going to see somebody […]