Student Loan repayment effect on markets

[Michael Moy]

With student loan repayments set to start back up, I was wondering what effects it will have both on the rental and housing markets along with how large of an effect you think it will be. As far as the housing market goes, I think we will see an uptick in the default rate for student loans which normally hovers around 10%. I do not know how DTI was factored for loans that were paused for home buyers, but this could lower the buyer pool if factored differently. As far as the rental market goes, if a subset can't buy that could increase demand. However there will be renters that now have payments starting that may affect their ability to pay the large increases in rent the last couple of years. Do you think there will be a carryover effect in either market and if so to what extent? Are you implementing any strategies to mitigate any possible effects? Thanks for your thoughts!