Morning Minute: Is rising student loan debt impacting housing?

A new study from John Burns Real Estate Consulting estimates that growing student loan debt is making it harder for younger buyers to afford a home and that will negatively impact the housing market, HousingWire reports in the article, “Student debt costs housing $83 billion a year.

One stat from the John Burns study: Every $250 per month in student debt reduces a household’s home purchasing power by $44,000. Read the study and the HousingWire coverage.

In other headlines:

Rising home prices a ‘bright spot’ in Rockford area – Rockford Register Star

Average price of homes sold in Rockford increases – WREX

Northeast Owners Pay Highest Property Taxes (Illinois ranks No. 6) – Daily Real Estate News

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