Millennial homebuyers have economic edge in Texas, says NAR researcher

​​COLLEGE STATION – Conventional wisdom has it that student loan debt and difficulty finding jobs largely keep millennials out of the home-buying market.

Not necessarily, says a researcher with the National Association of Realtors (NAR). The numbers paint a​ more positive picture, particularly in Texas.

NAR’s Jessica Lautz told Texas Standard radio that millennials are the largest generation of homebuyers for the third consecutive year, and that trend is slightly higher in Texas than the rest of the nation because of the Lone Star State’s "financial edge."

“What we have seen in Texas is that your student loan debt levels are actually lower than what we have seen in other areas when we look at the west, south-central subregion,” she said.

To listen to the three-minute interview, click here.

For more about millennials and the housing market, check out Real Estate Red Zone podcast 277.​