RISMEDIA, Feb. 26, 2008-(MCT)-With today’s turmoil in the housing market, hitting up mom and dad for a down payment may be a young buyer’s best route to homeownership. It’s hard for the younger generation to become first-time home buyers today as they try to juggle numerous financial responsibilities, experts say.”Stakes are higher,” says Carrie Schwab Pomerantz, chief strategist of consumer education with Charles Schwab & Co. “Today, young people are solely responsible for their retirement. A lot of young people are coming out of college with high levels of debt.”

Here are three ways parents can help their children buy homes:   More—->