Despite challenges facing the Valley’s housing market, first-time homebuyers are doing what they can to avoid being priced out.
Throughout the year, ABC15 is following along with first-time buyers of different ages, price points and locations.
The median age of first-time homebuyers has risen to a record 38 years old, according to the National Association of Realtors.
Arizona has multiple first-time homebuyer assistance programs, including down payment assistance and rural incentives. More here.
Paula and Max: Maximizing Downpayment Assistance
Paula and Max are in their early 20s and looking to stay in Mesa for their first home.
They are recently engaged and are starting out in their careers but want to buy earlier than most.
In order to afford a home in Mesa at their budget between $325,000 to $350,000, the couple decided to look at smaller spaces like townhomes and condos.
Downpayment assistance is making what was once believed to be a longshot dream, a reality.
Watch part one of Paula and Max’s story below.
Frank’s Story: Better bang for your buck
In his mid-50s, Frank never thought about buying a home until now.
Frank and his husband Jean got married in December and Jean plans to move to Arizona from Georgia.
With a budget max of $350,000, the couple found their dream home for the right price in Sun City.
Watch part one of Frank's story in the player below.
Watch part two of Frank's story in the player below.
Stay tuned for more stories
If you are looking to buy a home for the first time this year and would like to share your story, email Lillian.Donahue@ABC15.com
