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87% of teens report their parents are their main source of financial education, while more than 56% of married couples
report having serious problems related to their finances.
(Moneymanagement.com & Charles Schwab Foundation)
Revisiting The Basics To Ensure Your Family's Financial Future.
June 9, 2014 | Category: College Planning / Loans
| Author: Tim Manni
Source - HSH
The importance of first-time homebuyers to the overall health of the housing market cannot be understated. Today, the percentage of first-time buyers in the market is 29 percent, according to the National Association of Realtors, well below their peak presence of over 50 percent in 2009.
One of the main drivers preventing first-time homebuyers from entering the real estate market and taking advantage of historically low mortgage rates is high debt loads, mainly thanks to substantial student loan debts.
To find out more about how student loan debt is impacting first-time homebuyers and what can be done about it, we interviewed Bennie D. Waller, Ph.D., professor of finance and real estate at Longwood University and Bernard L. Weinstein, Ph.D., adjunct professor of business economics at Southern Methodist University.