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| Sponsored by Pillar to Post |
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| College Debt Dwarfs Housing Market‘s Worth |
| By Suzanne De Vita |
America's collective college debt eclipses every home listing in the nation, according to a new realtor.com® report. Adding It Up: According to data from realtor.com, the average down payment, 10 percent, on a median-priced property, $260,000, totals $26,000—$8,500 less than the average college loan obligation, $34,500. The bigger picture: The amount of college debt, $1.5 trillion, exceeds every for-sale home's worth, at $780 billion. "Student debt has ballooned to an all-time high as the price of education continues to outpace wage growth, and this is holding back many potential buyers from being able to purchase a home," George Ratiu, senior economist at realtor.com, says. ...
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Renting an apartment is an adjustment for many college students who are transitioning from living at home to being out on their own.
