Does buying a home require a college degree these days?

Do you need a college degree in order to buy a house? That’s not always the case; however, data shows that more college graduates own homes than those without bachelor’s degrees. According to Kriston Capps’s article, “To Buy a House, Go to College,” the difference in homeownership rates between people without a high-school diploma and those with at least a bachelor’s degree has increased from 15 percentage points in 1990 to 28 percentage points in 2015 (Capps).

Capps also mentions that Millennials in general aren’t purchasing homes as quickly as earlier generations, and many college graduates delay homeowning because of the fact that they are in school for longer periods of time. These trends may be part of the housing market’s slow growth.

Take a look at The Atlantic article here and let us know your thoughts in the comments below!

Capps, Kriston. “To Buy a House, Go to College.” The Atlantic. The Atlantic, 18 May 2016. Web. 20 May 2016.

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