A new report from Zillow shows that student loan borrowers still can’t afford to buy a house, despite having a three-year payment break.

A new report from Zillow shows that student loan borrowers still can’t afford to buy a house, despite having a three-year payment break. Federal student loan borrowers must resume their payments this October, and while data from Zillow says that the average borrower was reprieved $15K, most of them are still unable to jump into today’s housing market. Much of this struggle has to do with the fact that principal and interest mortgage payments on new home loans have increased over two-fold since March 2020, according to the research. The data further explains that while people who experienced student loan forgiveness could’ve saved money during these three years for a house, “There is no real indication that DTIs (debt-to-income) [ratios] improved during the pause,” Bright Horizons explains. And along these same lines, YPulse research shows that inflation, the economy, and affordable housing / housing availability were amongst the top 15 problems Gen Z and Millennials were facing last year. (Fortune)