[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f37kjdmsjnxdqy":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},4423,"what-you-want-to-know-if-youre-pursuing-your-dream-of-homeownership","What You Want To Know If You’re Pursuing Your Dream of Homeownership","\u003Cp>If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F08\u002Fthe-majority-of-americans-still-view-homeownership-as-the-american-dream\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">homeownership\u003C\u002Fa> ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The \u003Ca href=\"https:\u002F\u002Fhimaxwell.com\u002Fresources\u002Febooks-white-papers\u002F1h-2022-millennial-genz-borrower-sentiment-report\u002F#downloadnow\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>2022 Millennial & Gen Z Borrower Sentiment Report\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>Maxwell \u003C\u002Fem>says:\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230926\u002Fwhat-you-want-to-know-if-youre-pursuing-your-dream-of-homeownership-KCM.jpg","\u003Cblockquote>If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F08\u002Fthe-majority-of-americans-still-view-homeownership-as-the-american-dream\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">homeownership\u003C\u002Fa> ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The \u003Ca href=\"https:\u002F\u002Fhimaxwell.com\u002Fresources\u002Febooks-white-papers\u002F1h-2022-millennial-genz-borrower-sentiment-report\u002F#downloadnow\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>2022 Millennial & Gen Z Borrower Sentiment Report\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>Maxwell \u003C\u002Fem>says:\u003Cem>“Many young adults have demonstrated their resolve to embark on the journey toward homeownership soon.\u003C\u002Fem>\u003Cstrong>\u003Cem> More than half of millennials and Gen Zs plan to apply for a mortgage sometime within the next year\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>Let’s take a look at why homeownership makes the top of so many young buyers’ to-do list and what you need to consider to achieve your goals if you’re one of them.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Top Motivators To Buy a Home\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Before you start the homebuying process, it’s helpful to know why homeownership is so important to you. The survey mentioned above sheds light on some of the top reasons why younger generations are looking to buy a home. It finds:\u003C\u002Fp>\u003Cul>\u003Cli>95% believe the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F30\u002Fwhy-buying-a-home-may-make-more-sense-than-renting-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">cost of renting\u003C\u002Fa> is too high\u003C\u002Fli>\u003Cli>35% think owing a home is an important \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F04\u002Fhomeownership-wins-over-time-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">wealth building tool\u003C\u002Fa>\u003C\u002Fli>\u003Cli>16% seek the sense of security owning a home provides\u003C\u002Fli>\u003Cli>37% plan to use it as an \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F03\u002Fdo-you-believe-homeownership-is-out-of-reach-maybe-it-doesnt-have-to-be\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">investment property\u003C\u002Fa>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>No matter which of these resonates the most with you, know there are many financial and non-financial reasons why you may want to buy a home. While your top motivator may be different than that of your friends, they’re all equally valid and worthwhile.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Key Obstacles and How To Overcome Them\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Whether your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F10\u002F07\u002Fthe-journey-to-buy-a-home-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">homeownership\u003C\u002Fa> goals come from the heart or are driven by financial aspirations (or both), it can still be hard to know where to start when you’re looking to buy a home. From understanding the homebuying process, to getting \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F10\u002F24\u002Fpre-approval-is-a-critical-first-step-on-your-homebuying-journey\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">pre-approved\u003C\u002Fa>, and exploring \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F10\u002F31\u002Ftaking-the-fear-out-of-saving-for-a-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">down payment options\u003C\u002Fa>, it’s a lot to wrap your head around. The same \u003Cem>Maxwell \u003C\u002Fem>survey also reveals key challenges for potential buyers. Thankfully, the knowledge and guidance of a trusted real estate professional can help you overcome both. Here’s a look at two of the hurdles potential homebuyers say they face:\u003C\u002Fp>\u003Ch5>\u003Cstrong>1. The Mortgage Process Can Be Intimidating\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cstrong>In the \u003Cem>Maxwell \u003C\u002Fem>study, 33.37% said one of their obstacles was that the mortgage process is confusing or difficult to understand.\u003C\u002Fstrong> An \u003Ca href=\"https:\u002F\u002Fresources.ownup.com\u002Fhome-buyer-mortgage-shopping-study-overview-2022?utm_content=normal\" rel=\"noopener noreferrer\" target=\"_blank\">article\u003C\u002Fa> by \u003Cem>OwnUp \u003C\u002Fem>helps explain why the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F10\u002F28\u002Fapplying-for-a-mortgage-doesnt-have-to-be-scary-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage process\u003C\u002Fa> is so challenging for buyers:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“There is a general lack of knowledge about home financing. \u003C\u002Fem>\u003Cstrong>\u003Cem>Mortgages are a complicated topic with no one-size-fits-all answer. It’s difficult to understand the space, let alone determine what the right course of action is\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem> \u003C\u002Fem>\u003Cstrong>\u003Cem>based on your unique financial picture.\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>While you may be tempted to do a quick search online to find instant answers to your questions, it may not get you the information you need to understand the full picture. Especially when it comes to financial advice, you want to lean on a true expert. Having trusted professionals on your side can help you to learn what it takes to achieve your dream of homeownership. Not to mention, an expert can give you advice specific to your situation, not generic advice like you’ll find online.\u003C\u002Fp>\u003Ch5>\u003Cstrong>2. It’s Hard To Know How Much You Need To Save\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cstrong>In the \u003Cem>Maxwell \u003C\u002Fem>study, 45.75% believe they don’t have enough saved to cover their down payment or closing cost expenses. \u003C\u002Fstrong> What you may not realize is that, today, there’s a growing number of down payment assistance programs available nationwide to help relieve this pressure. A report from \u003Cem>Down Payment Resource\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Fdownpaymentresource.com\u002Fprofessional-resource\u002Fhomebuyer-assistance-programs-proliferate-in-q3-as-median-u-s-down-payment-skyrockets\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">says\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cstrong>\u003Cem>“Our Q3 2022 HPI report revealed a 1.6% uptick in the number of homebuyer assistance programs available to help people finance homes,\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem> raising the number of programs to 2,309, a net increase of 36 over the previous quarter.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>Additionally, as the housing market cools, buyers are regaining some \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F15\u002Fbuyers-are-regaining-some-of-their-negotiation-power-in-todays-housing-market\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">negotiation power\u003C\u002Fa> and more sellers are willing to work with buyers to help with closing costs. Understanding what’s out there and the options available may help you achieve your dream of homeownership faster than you thought possible.\u003C\u002Fp>\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>If you’re serious about becoming a homeowner, know it may be more in reach than you think. Lean on trusted professionals to help you overcome challenges and prioritize your next steps.\u003C\u002Fp>","\u003Cp>If you’re serious about becoming a homeowner, know it may be more in reach than you think. Lean on trusted professionals to help you overcome challenges and prioritize your next steps.\u003C\u002Fp>",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up","2022-12-01T11:00:59Z","2023-09-26T15:22:58Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},4422,"why-there-wont-be-a-flood-of-foreclosures-coming-to-the-housing-market","Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230926\u002Fwhy-there-wont-be-a-flood-of-foreclosures-coming-to-the-housing-market-KCM.jpg","2022-11-30T11:00:20Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},4409,"winter-home-selling-checklist-infographic","Winter Home Selling Checklist [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F11\u002F17130751\u002FWinter-Checklist-KCM-Share.png","2022-12-02T11:00:51Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]