July 01, 2018

College Debt May Not Be the Biggest Obstacle to Saving for a Downpayment

July 01, 2018 Of buyers who reported that saving for a home purchase was difficult, 37% said that paying off student loans delayed saving for a downpayment. Two other expenses were cited by even higher percentages: credit-card debt (56%) and car loans (48%). (Respondents could choose as many answers
Background

July 01, 2018

Of buyers who reported that saving for a home purchase was difficult, 37% said that paying off student loans delayed saving for a downpayment. Two other expenses were cited by even higher percentages: credit-card debt (56%) and car loans (48%). (Respondents could choose as many answers as applied.)

Source: 2017 Profile of Texas Homebuyers and Sellers