Student Loan Debt Tied to U.S. Home Sales Lag, Soss Says
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U.S. student loan debt totaling more than $900 billion may be hurting home sales, said Neal Soss, chief economist at Credit Suisse in New York.
Soss, in a radio interview on “Bloomberg Surveillance” with Tom Keene, said higher requirements for down payments and rising debt of college graduates are preventing younger potential buyers from entering the housing market.