AirTalk for July 1, 2013

Is the overheated housing market redefining the 'first-time buyer'

Home Prices In March Hit Largest Gain In 7 Years

Justin Sullivan/Getty Images

An open house in San Francisco, California.

The real estate market is on fire right now. Some see it as a bubble, others think rising interest rates will drive away investors and speculators and spur real buyers afraid of getting stuck with a high interest rate into the market. But the question is, where will those new buyers come from? A new study shows that people with student loans outstanding have a far lower rate of homeownership, and as we take on more and more student debt, who will be the next generation of first-time buyers?

Guests:
Richard Green, Director of the USC Lusk Center for Real Estate

Chris Thornberg, Founding Partner of Beacon Economics


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