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NAR Survey Data: Student Debt and Saving for Downpayment Among Successful Home Buyers

  • Twelve percent of homebuyers found it difficult to save; for first-time homebuyers, 20 percent found it difficult to save.
  • Of those who had a hard time saving, 43 percent of home buyers and 54 percent of first-time buyers reported that student debt delayed saving for the purchase of a home.
  • By generations, 20 percent of Gen Y and 15 percent of Gen X had a difficult time saving for a downpayment.
  • Of those who had a hard time saving, 56 percent of Gen Y and 35 percent of Gen X reported student loans delayed saving for a downpayment.

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Jessica Lautz, Director, Survey Research and Communications

Jessica Lautz is the Survey Research Manager. Jessica analyzes data and writes annual studies such as the Member Profile, the Profile of Home Buyers and Sellers, and the Commercial Member Profile.

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Comments
  1. Interesting article on students saving for house. I wish you had a print button on your articles. If you have, I cannot locate it.

    Thanks,

  2. T.J. Doyle, Director of Research Marketing and Communications

    James, if you click on the orange “+” box at the top of the post, the first item in the dropdown is a print option.