• College Debt Drains $92,000 From Homebuyers' Pockets

    21 days ago - By RIS Media

    College debt is hindering homebuyers, draining more than $92,000 from a potential purchase, according to recently released research from Zillow.
    In the average scenario, an aspiring buyer with college debt has $388 in monthly payments, according to Zillow. Assuming the buyer observes the “30 percent” standard-that is, not exceeding 30 percent of their income on housing and their loans-he or she can afford a home priced up to $269,400. Approximately half of listings on the market now are in that range.
    By comparison, a buyer without college debt can spend up to $361,800, which broadens the...
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