11 Nov Don’t Blame Student Loans
Report: “Don’t Blame Student Loans.” Housing watchers and economists who point to student debts as a factor in the slouching number of first-time homebuyers may have to recalibrate their calculators: New numbers from RealtyTrac say it just isn’t so.
The data company has determined that in 96 percent of the nation’s largest housing markets, median priced homes are still within reach of graduates carrying an average amount of student debt.
“Contrary to much rampant speculation that student loan debt is holding back homeownership among recent graduates, we found that the vast majority of markets are affordable for recent graduates making the median household income – even for many of those recent graduates with student loans,” said Daren Blomquist, vice president at RealtyTrac.
Click on link below to read full article in Real Estate Digest.