20-somethings playing it cool when it comes to buying a home

20somethings colorBy Gremlyn Bradley-Waddell | Special for The Republic | azcentral

Turns out you’re in a demographic that’s a little rarer these days, according to Evan Anderson, an agent with Realty Executives in Tempe. He said the declining number of prospective homebuyers, particularly in the 25-to 30-year-old age range, is a phenomenon that he and industry colleagues have witnessed over the past several years.

While he added that he’s no expert on the subject, Anderson said the mindset today’s younger buyers have toward homeownership is probably another offshoot of the recent housing crisis. Unlike typical young would-be buyers of years past, clients don’t seem to put as much value on homeownership and are often hesitant to sign a mortgage, which they may view as too long-term of a commitment, or an encumbrance that could tie them down, not a good thing in this mobile society.



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