Where do YOU Want to Live? How do YOU Want to Live?

DeDe Forwood - REALTOR® HomeSmart

HomeSmart Elite Group 5225 N Central Ave #104 Phoenix, AZ 85012

A large percentage of millennials want to buy homes. But they’re allowing rising home prices—and misconceptions about the market—to keep them stuck in the renting cycle.

According to CoreLogic’s Young Millennial Housing Survey (which was featured in their most recent Home Price Index report), 40% of millennials are extremely or very interested in purchasing a home now (with 64% consistently monitoring prices in their local market). But nearly three-quarters of millennials surveyed (73%) cited affordability as a barrier to homeownership—significantly higher than any other age group.

While affordability may be a challenge, the truth is that there are plenty of millennials out there who could purchase a home, but their misconceptions about what it costs to do that are holding them back. According to a recent survey from lender Laurel Road, 58% of Americans believe you need a 20% down payment to purchase a home—but with today’s flexible lending options, it’s possible to buy a home with very little down.

The Takeaway

If you’re a millennial who wants to buy a home—but don’t think you can afford it—start exploring your options. You might be able to purchase a home with less than you’d imagined and be able to transition to homeownership sooner than you thought possible.

The Ultimate Home Buyer’s Guide
What you can expect, from start to finish!

By DeDe Anne Forwood
REALTOR® e-PRO® HomeSmart Elite Group

Want to find the home of your dreams?

And also get it at the best price possible? Then download your free copy of this guide: The Ultimate Home Buyer’s Guide

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7 Budgeting Tips To Help You Buy Your First Home

Good Bones

DeDe Forwood

My name is DeDe Forwood, I am a Phoenix Real Estate Agent with HomeSmart Elite Group. After 20 years in the entertainment industry as a Project Manager/ video engineer in major event operations...being on the road for so long, becoming a Phoenix REALTOR® seemed like the perfect fit for my experience, attention to detail, love of helping people, and my passion for Phoenix! My background in project management and event operations is actually an amazing fit with Phoenix real estate. I'm someone who is both organized AND passionate about all things buying and selling homes in Phoenix. My area of expertise is the Phoenix historic neighborhood districts, midtown, downtown and the central corridor, but I cover the entire Valley of the Sun! LISTING WITH ME, you get the passion of someone who is all about the digital age in real estate. With the tech-savvy experience of a digital marketer, I offer my clients the cutting edge of technology that changes constantly, attention to detail, professionalism, fairness, honesty, integrity, and enthusiasm. BUYING WITH ME as your Buyer's agent, you get every digital advantage to find listings quickly, the energy to go see them quickly. I've got the passion that only a customer service nerd can have, a love of all things real estate in Phoenix, the project management, and engineer's brain, and the tech-savvy-ness of a digital marketer. Let's get you HOME!! WHERE do you want to live...HOW do you want to live!