In addition, more grads are moving home to live with their parents -- 36%, according to a recent Pew survey. While that saves on living expenses, it limits their ability to build the credit histories they need to eventually get a mortgage.
The result is a decline in the percentage of 18-to-32 year olds heading up their own homes -- just 34.3% as of this past March, according to Pew, versus 36.1% in 2007.
The New York Federal Reserve reported recently that, for the first time, the homeownership rate among college graduates was less than non-grads.
Danielle DeBacker, 24, is originally from Houston and works as a clinical research coordinator at Georgetown University Medical Center, a position that took a lot of expensive schooling, including a Masters degree from Case Western Reserve University School of Medicine in Cleveland.
She owes $80,000 in school loans and homeownership is a distant dream. She shares a house in Alexandria, Va., with three others and can't even afford a car.
"Buying a home will be a mid-30's project for me at the earliest," she said.