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Student loan defaults just skyrocketed to 15.6%, the highest level on record. As a result, the NY Fed is reporting that credit scores of student borrowers are about to plunge. Potentially by as much as 150 points. Access housing market data for your area on Reventure App: www.reventure.app The result could be an economic slowdown due to decreased credit access to these 9 million individuals who are in default on their student debt. If this happens, we could see homebuyer demand decline, and home prices drop. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member: / @reventureconsulting DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/