Massachusetts Senator Elizabeth Warren Addresses Realtors® in Washington DC

by User Not Found | Jun 29, 2016
In May, U.S. Senator Elizabeth Warren (D-Mass.) joined Lawrence Yun, chief economist, National Association of Realtors®, for his midyear economic and housing forecast, at the 2016 Realtors® Legislative Meetings & Trade Expo in Washington D.C. Senator Warren explained the growing burden repaying student loan debt is having on young adults, the housing market and the overall U.S. economy. 

During her remarks, Senator Warren applauded Realtors® for their role in helping build America’s middle class through homeownership. Warren explained that this path to economic security is being threatened by the seven out of 10 college graduates that need to borrow thousands of dollars to attend college and then spend countless years afterwards repaying the debt at high interest rates.

“Student debt is crushing young people, it’s hurting the nation’s economy and delaying the opportunity for many to buy their first home,” said Warren. “Every monthly payment going to reducing their student debt could instead be money going towards saving for a down payment on a house.”

Realtor® and Federal Political Coordinator (FPC) David Wluka and MAR President-Elect and RPAC Trustee Chair Paul Yorkis share a true example of Realtor® members working for the industry and association. They have been working very hard to bring the issue of student debt and the impact it’s having on homebuyers to the national student debt discussion. Their involvement resulted in an appearance by U.S. Senator Elizabeth Warren (D-Mass.) at NAR Midyear Legislative Conference & Expo in Washington DC in May to discuss her plans to provide relief to student loan borrowers.