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DeDe Forwood - REALTOR® e-PRO®

HomeSmart 5225 N Central Ave #104 Phoenix, AZ 85012

480-818-9391

DeDe@dedeforwood.com

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First-Time Buyer Interest Strong Despite Rising Interest Rates

Interest rates are rising. According to Freddie Mac, the current rate for a 30-yr fixed mortgage is 4.81%, which is up a nearly a full percentage point from a year ago. While some were concerned the rising interest rates would have a negative impact on the market, particularly with first-time homebuyers, it looks as if the changes in interest rates are doing little to dampen buyer demand.

According to First American’s most recent Real Estate Sentiment Index (which explores how sensitive first-time homebuyers are to rising interest rates), mortgage rates would have to hit 5.6% before first-time buyers delay entering the market. And because mortgage rates aren’t predicted to rise that drastically anytime soon, we shouldn’t see any negative impact on buyer interest in the coming months.

The Takeaway

If you’ve been hesitant to list your home thanks to fears that rising interest rates will limit the number of buyers, there’s nothing to worry about. Buyer demand is showing no signs of slowing.  Don’t hesitate to contact me with any questions you have about the Phoenix area Real Estate Market.

Most people think finding the home of their dreams just sort of happens… Like they’ll “know it when they see it,” or it’ll be love at first site. Sometimes that happens. But a lot of times, homebuyers miss out on great homes because they make some really common mistakes. Finding and actually getting the best house for your wants and needs (let alone at the best possible price!) isn’t as simple as just being in the market, finding it, putting it in a shopping cart, and heading to the checkout. There’s quite a bit to the process. My buyer’s guide will demystify the process and give you a no-fluff, in-between-the-lines look at things most buyers either simply ignore, or don’t realize. (Even some agents don’t know some of the things I cover in this booklet.)
Most people think finding the home of their dreams just sort of happens…
Like they’ll “know it when they see it,” or it’ll be love at first site. Sometimes that happens. But a lot of times, homebuyers miss out on great homes because they make some really common mistakes.
Finding and actually getting the best house for your wants and needs (let alone at the best possible price!) isn’t as simple as just being in the market, finding it, putting it in a shopping cart, and heading to the checkout.
There’s quite a bit to the process.
My buyer’s guide will demystify the process and give you a no-fluff, in-between-the-lines look at things most buyers either simply ignore, or don’t realize. (Even some agents don’t know some of the things I cover in this booklet.)

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

Send it To Me!

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DeDe Forwood

My name is DeDe Forwood, I am a Phoenix Real Estate Agent with HomeSmart. I traveled for 20 years in the entertainment industry as a Project Manager/ video engineer in major event operations.. After 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. 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!!

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