Young Professionals Network hosts housing forum | SteamboatToday.com

Young Professionals Network hosts housing forum

Teresa Ristow

— Steamboat's Young Professionals Network will host a forum Thursday to discuss housing options for young professionals in the area.

Open to the public, the forum will discuss renting vs. buying a home, the current rental market, loan options and programs to help support first-time homebuyers.

"It's a hot topic right now," said Matt Eidt, a Colorado Group Realty broker and vice-chairperson of YPN. "It's one of the issues young people in our community are facing."

The forum's panel will include Eidt, Mortgage Lender Josh Kagan and Executive Director of the Yampa Valley Housing Authority Jason Peasley.

Eidt said that as a homeowner and real estate broker, he's witnessed first-hand the amount that can be saved in monthly expenses when owning rather than renting in Steamboat.

"It's becoming more and more evident to my clients that buying can be more advantageous," Eidt said. "A lot of people don't realize that."

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When considering the loans available and the cost of monthly mortgages for homes at less than $300,000, Eidt said his clients often are surprised to see where the numbers stack up in renting vs. buying.

"A lot of people are really blown away," Eidt said.

Kagan said that it's a misconception that people need to have a large down payment to get into a house, and he said that the United States Department of Agriculture and the Federal Housing Administration offer loan programs with little or no down payments needed.

"It's a pretty good time to get into a place," Kagan said. "I can help people navigate the waters."

The forum will take place from 5:30 to 7:30 p.m. Thursday at Rex's American Grill and Bar, 3190 S. Lincoln Ave.

The event is free for YPN members and $10 for non-members, who are strongly encouraged to attend.

In anticipation of the forum and YPN's efforts to provide more professional and personal development to members, the group has been gathering responses for a survey about the housing market. The survey can be found on the YPN page of the Steamboat Springs Chamber Resort Association website, http://www.steamboat-chamber.com.

To RSVP for the event, email rsvp@steamboatchamber.com.

To reach Teresa Ristow, call 970-871-4206, email tristow@SteamboatToday.com or follow her on Twitter @TeresaRistow

If you go

What: Young Professionals Network affordable housing forum

When: 5:30 to 7:30 p.m. Thursday

Where: Rex’s American Grill and Bar, 3190 S. Lincoln Ave.

Cost: $10, free for YPN members