Slide Source: These slides are from the "Hurdles to Homeownership: Understanding the Barriers" presentation given by Kenneth T. Rosen at the Sustainable Homeownership conference in Berkeley, CA, on June 9, 2017.

Many younger home buyers, aka "Millennials," are impeded from buying a home by student loan debt. {Not sure why the FRB didn't proof their slide}

Nevertheless, 89% of all renting Millennials would like to purchase a home of their own.

The numbers in the bar chart below may be slightly higher/lower in MN, as these are national statistics. If you're not in the 17% now, start a plan today. Congress and the lending industry have recognized the need to move these percentages higher--see links at the bottom of this page. You may be closer than you think!

Largest Source of Mortgage Funds in U.S. Tries to Help Homebuyers Struggling With Student Debt

Guaranteed Rate Offers 1% Down Payment Loans to Borrowers Nationwide

Slide Source: These slides are from the "Hurdles to Homeownership: Understanding the Barriers" presentation given by Kenneth T. Rosen at the Sustainable Homeownership conference in Berkeley, CA, on June 9, 2017.

Dr. Rosen is from the Fisher Center for Real Estate and Urban Economics, Professor Emeritus Haas School of Business, & Chairman of Rosen Consulting Group.