Millennials have lower rates of home ownership, and higher tuitions are partly to blame.
Research from the Federal Reserve Bank of New York finds that student debt contributes to the inability of Millennials to buy homes. The study looks to quantify the effect $1.4 trillion of student debt has had on home buying. "As much as 35 percent of the decline in young American homeownership from 2007 to 2015 is due to higher student debt loads, the researchers estimate," Shahien Nasiripour reports for Bloomberg.
Many recent graduates have had trouble paying debts on tuition, which has risen a great deal faster than inflation. "More than half of students who left college in 2009 had either defaulted, missed at least four months of required payments, or were facing higher loan balances five years later," Nasiripour reports.
FULL STORY: Student Debt Is a Major Reason Millennials Aren't Buying Homes
High Housing Costs Are Bad News for Older Millennials
Burdened by rising housing costs, many millennials are finding it increasingly difficult to pay off debt or save for the future.
Debt and Rent Burden Keeping Millennials From Homeownership
Research from the Urban Institute finds that economic hurdles, not just lifestyle preferences, are stopping millennials from buying homes.
How the Housing Market is Driving Millennials to Exurbs
As they age and form families, millennials find it increasingly difficult to afford housing in urban areas.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
‘Complete Streets’ Webpage Deleted in Federal Purge
Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Healing Through Parks: Altadena’s Path to Recovery After the Eaton Fire
In the wake of the Eaton Fire, Altadena is uniting to restore Loma Alta Park, creating a renewed space for recreation, community gathering, and resilience.
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
Electric Vehicles for All? Study Finds Disparities in Access and Incentives
A new UCLA study finds that while California has made progress in electric vehicle adoption, disadvantaged communities remain underserved in EV incentives, ownership, and charging access, requiring targeted policy changes to advance equity.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research