Bank report states millennials hesitant to buy house, afraid of debt

credit_card_debtBy Mike Sackley | KTAR

A fear of falling into debt is one of many factors keeping millennials out of the housing market, according to a Valley real estate agent.

A new Bank of America report showed 94 percent of millennials are afraid of falling into debt, with 79 percent unwilling to dip into their savings.

Jason Mitchell with Jason Mitchell Realty Group said student loans are also keeping millennials out of the real estate market.

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