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January 9, 2015

5 things to consider

5 things to consider for Brevard real estate

First-time homebuyers

Still, lending standards aren’t going away. And they’ll couple with rising interest rates, which discourage some first-time homebuyers, says Bennie Waller, professor of finance and real estate at Longwood University in Farmville, Virginia.

“Compounding the difficulties for buyers is the rapidly increasing student loan and credit debt debacle that looms over the economy,” Waller says. “This will severely limit the purchasing ability for first-time home buyers and low to mid-income homebuyers.”


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