Fewer College Grads Buying Homes

Fewer College Grads Buying Homes

A pew study finds a decline in the number of 18-to-32 year olds becoming homeowners.
They're young and smart, but fewer college grads are buying homes.

A pew study finds a decline in the number of 18-to-32 year olds becoming homeowners.

That number is 34.3-percent as of this march.

That's down from 36.1-percent in 2007.

This could be cause the housing market to drag for years to come.

The New York Federal Reserve also reports that for the first time the homeownership rate among college grads is lower than that of non-grads.

High debt levels and weak job prospects are to blame, making it harder and more expensive to get mortgages.
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