According to the National Association of Realtors there is for the 1st time in 30 years a decline in First Time Home buyers. Recently at the Keller Williams Family Reunion in Orlando, Gary Keller the co-founder of Keller Williams was discussing this, he feels that the amount of student loan debt is a leading factor. trip planner According to Keller 71% of recent grads have student loan debt with an average of $333 per month that’s a 356% increase in the last decade.
Below you will find the article from the NAR that talks about the decline in First time home buyers:
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