Dr. Perryman analyzes President Biden's recent decision to forgive some student loans and what this may mean for the economy moving forward.
Experts agree that keeping the momentum in the housing market will require more purchases by first time home buyers, but Dr. Perryman says a big chunk of that market is up to their eyeballs in student loan debt.
Student debt has been a growing problem for years and needs to be thoughtfully addressed. Recently, there have been calls for some type of uniform debt relief as part of a stimulus package. That is not the best solution.