Student debt is holding back Millennials from buying homes.

Student debt is holding back Millennials from buying homes. The Fed reports that the percentage of 24-32-year-olds who own homes dropped from 45% to 36% from 2005 to 2014. Two percentage points (roughly a fifth) of that decline is being attributed to student debt. But here’s the catch-22: “Basically the only way to get your foot in the housing door is to have a degree, even if it comes with debt,” explains CoreLogic Inc.’s deputy chief economist. (WSJ, Federal Reserve)