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A new report from Bloomberg indicates that first-time homebuyers are having difficulty securing loans thanks to student loan debt totals nearing $1 trillion.
According to Bloomberg.com, figures from the Commerce Department indicate housing starts reached an 872,000 annual rate in September, the most since July 2008.
Supporters believe programs could lead to loosened mortgage credit; others believe little will change
U.S. apartment vacancies dropped to a 10-year low in the fourth quarter, paving the way for rent increases that are likely to continue this year.
Disagreements arise over regulatory powers and lending in disadvantaged communities, among other issues.
Interest rates may be low and rents high, but one well connected 27-year old is still skeptical about buying.
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