{"id":3410,"date":"2021-02-16T05:00:19","date_gmt":"2021-02-16T11:00:19","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/millennials-is-it-time-to-buy-a-bigger-home\/"},"modified":"2021-02-16T05:00:19","modified_gmt":"2021-02-16T11:00:19","slug":"millennials-is-it-time-to-buy-a-bigger-home","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/millennials-is-it-time-to-buy-a-bigger-home\/","title":{"rendered":"Millennials: Is It Time to Buy a Bigger Home?"},"content":{"rendered":"

\"Millennials:<\/p>\n

In today\u2019s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they\u2019re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you\u2019re like many millennials who are spending much more time at home these days, you may have a growing need for more space or upgraded features, making moving more desirable than ever.<\/span><\/p>\n

For those millennials who already own a home, there\u2019s a great opportunity to move up<\/a> in 2021. Danielle Hale, Chief Economist<\/em> at realtor.com<\/em>, explains<\/a>:<\/p>\n

\n

\u201cOlder millennials will be trade-up buyers with many having owned their first homes long enough to see substantial equity gains.\u201d<\/em><\/p>\n<\/blockquote>\n

Even if you bought a home sometime in the last few years, you may have more equity than you realize, and that\u2019s a big factor to consider when you\u2019re thinking about moving. According to the Homeowner Equity Insights Report<\/em><\/a> from CoreLogic<\/em>:<\/p>\n

\n

\u201cIn the third quarter of 2020, the average homeowner gained approximately $17,000 in equity during the past year<\/strong>. This marks the largest average equity gain since the first quarter of 2014.\u201d <\/em><\/p>\n<\/blockquote>\n

Growing equity can be the driver you\u2019re looking for to fund your next move, especially if what you need in a home is changing right now. As equity builds over time, it can be put toward the down payment on your next home.<\/p>\n

In addition to equity gains, today\u2019s housing market affordability is powered by record-low mortgage rates<\/a>, so moving at a time when you can get more for your money may be more realistic<\/a> than you think.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re a millennial thinking about moving this year, you\u2019re not alone. Let\u2019s connect to shed light on the equity you have in your current home and the opportunities it can create.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

In today\u2019s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they\u2019re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you\u2019re like many millennials who are spending […]<\/p>\n","protected":false},"author":1,"featured_media":3411,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3410","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nMillennials: Is It Time to Buy a Bigger Home?—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/millennials-is-it-time-to-buy-a-bigger-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millennials: Is It Time to Buy a Bigger Home?—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"In today\u2019s housing market, all eyes are on millennials. 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