The 21st Show

Millennial Home Buyers in Illinois


A "lot for sale" sign stands along side a housing lot in Des Plaines, Ill., Sunday, March 21, 2021. U.S. long-term mortgage rates continued to edge higher this week as the benchmark 30-year loan stayed above the 3% mark. Rates remain near historic lows, however. (AP Photo/Nam Y. Huh)

When it comes to buying a home millennials, those born between 1980–1994, face a lot of obstacles. It’s not expensive avocado toast or oat milk lattes getting in the way of putting down a downpayment, as some older commentators would have you believe, though — it's debt. Specifically student loan debt. The Illinois Housing Development Authority (IHDA) has a plan to help. 

To speak more about the issue and IHDA's plan to help, The 21st was joined by a real estate agent with Coldwell Banker in Chicago and member of the Chicago Association of Realtors as well as the executive director of the IHDA. 


Mabél Guzmán, Real Estate Agent with Coldwell Banker in Chicago, Member of the Chicago Association of REALTORS®

Kristin Faust, Executive Director for the Illinois Housing Development Authority (IHDA)


Prepared for web by Zainab Qureshi

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