Real estate data firm RealtyTrac said Thursday average student loan debt loads are not enough exclusively preventing college graduates from purchasing a home.
The firm reported that 96% of U.S. housing markets remain affordable for recent graduates who make at least the median household income for their areas.
"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 many of those recent graduates with student loans," Daren Blomquist, vice president at RealtyTrac said.
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