{"id":1336,"date":"2022-03-05T19:56:01","date_gmt":"2022-03-05T19:56:01","guid":{"rendered":"https:\/\/ecstatic-dubinsky.217-160-212-78.plesk.page\/?p=1336"},"modified":"2023-05-20T13:24:15","modified_gmt":"2023-05-20T13:24:15","slug":"millennials-do-you-need-a-home-with-more-space","status":"publish","type":"post","link":"https:\/\/dimerorealtygroup.com\/es\/millennials-do-you-need-a-home-with-more-space\/","title":{"rendered":"Millennials: Do You Need a Home with More Space?"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-entry size-entry wp-post-image\" src=\"https:\/\/files.mykcm.com\/2022\/02\/24162812\/20220228-KCM-Share.jpg\" sizes=\"(max-width: 750px) 100vw, 750px\" srcset=\"https:\/\/files.mykcm.com\/2022\/02\/24162812\/20220228-KCM-Share.jpg 750w, https:\/\/files.mykcm.com\/2022\/02\/24162812\/20220228-KCM-Share-600x328.jpg 600w, https:\/\/files.mykcm.com\/2022\/02\/24162812\/20220228-KCM-Share-100x55.jpg 100w\" alt=\"Millennials: Do You Need a Home with More Space? | MyKCM\" width=\"750\" height=\"410\" \/><\/p>\n<div class=\"kcm-post-minimal-content\">\n<p>If you\u2019re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the\u00a0<a title=\"National Association of Realtors\" href=\"https:\/\/www.nar.realtor\/research-and-statistics\/research-reports\/home-buyer-and-seller-generational-trends\" target=\"_blank\" rel=\"noopener noreferrer\"><em>National Association of Realtors<\/em><\/a>\u00a0(NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you\u2019ve outgrown your home.<\/p>\n<p>If that\u2019s the case, you\u2019re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the\u00a0<a title=\"Wall Street Journal\" href=\"https:\/\/www.wsj.com\/articles\/millennials-are-supercharging-the-housing-market-11639496815\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Wall Street Journal<\/em><\/a>\u00a0states:<\/p>\n<blockquote><p><em>&#8220;They say the pandemic and the emergence of remote work accelerated millennial home-buying trends already under way. . . .\u00a0<strong>Millennials who already owned homes traded up for more space<\/strong>.&#8221;<\/em><\/p><\/blockquote>\n<p>So, if you\u2019re working\u00a0<a title=\"remotely\" href=\"https:\/\/www.simplifyingthemarket.com\/2022\/02\/04\/how-remote-work-impacts-your-home-search-infographic\/?a=466898-080e3e27bd6b6eaeaafdd339d1935ef7\">remotely<\/a>\u00a0now or simply have a growing need for additional space, it may be time to move. And even if you purchased your current home sometime over the last few years, you can still move into a different one that has the space and features you\u2019re looking for. That\u2019s because there\u2019s a good chance you have\u00a0<a title=\"more equity\" href=\"https:\/\/www.simplifyingthemarket.com\/2021\/12\/21\/the-average-homeowner-gained-56700-in-equity-over-the-past-year\/?a=466898-080e3e27bd6b6eaeaafdd339d1935ef7\">more equity<\/a>\u00a0than you realize. As Diana Olick, Real Estate Correspondent for\u00a0<em>CNBC<\/em>,\u00a0<a title=\"notes\" href=\"https:\/\/www.cnbc.com\/2022\/02\/03\/housing-wealth-is-setting-new-records-for-both-owners-and-sellers.html\" target=\"_blank\" rel=\"noopener noreferrer\">notes<\/a>:<\/p>\n<blockquote><p>\u201c<strong><em>The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth<\/em><\/strong><em>. . . . Even homeowners who weren\u2019t listing their properties for sale were gaining equity. About 42% of homeowners were considered equity-rich at the end of last year, meaning their mortgages were half or less than half the value of their home<\/em>.\u201d<\/p><\/blockquote>\n<p>Growing equity can be the key you need to fuel your next move, especially if you\u2019re looking to purchase a larger home. When you\u00a0<a title=\"sell\" href=\"https:\/\/www.simplifyingthemarket.com\/2022\/02\/16\/more-people-are-planning-to-buy-a-home-soon\/?a=466898-080e3e27bd6b6eaeaafdd339d1935ef7\">sell<\/a>\u00a0your current house, the equity that comes back to you in the sale can be used toward the\u00a0<a title=\"down payment\" href=\"https:\/\/www.simplifyingthemarket.com\/2022\/01\/03\/how-much-do-you-need-for-your-down-payment\/?a=466898-080e3e27bd6b6eaeaafdd339d1935ef7\">down payment<\/a>\u00a0on your next home.<\/p>\n<p>In other words, your purchasing power may be greater than you realize, making a\u00a0<a title=\"move\" href=\"https:\/\/www.simplifyingthemarket.com\/2022\/01\/18\/sellers-dont-wait-until-spring-to-make-your-move\/?a=466898-080e3e27bd6b6eaeaafdd339d1935ef7\">move<\/a>\u00a0to a larger home a realistic option.\u00a0<strong>That, plus your changing needs, might make\u00a0<\/strong><a title=\"moving\" href=\"https:\/\/www.simplifyingthemarket.com\/2022\/02\/01\/why-a-move-could-bring-you-more-happiness-this-year\/?a=466898-080e3e27bd6b6eaeaafdd339d1935ef7\"><strong>moving<\/strong><\/a><strong>\u00a0now more desirable than ever.<\/strong><\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you\u2019re a millennial thinking about moving this year, you\u2019re not alone. Let\u2019s connect today to discuss the equity you have in your current home and the opportunities it can create.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>If you\u2019re a millennial thinking about moving this year, you\u2019re not alone. Let\u2019s connect today to discuss the equity you have in your current home and the opportunities it can create.<\/p>","protected":false},"author":1,"featured_media":1337,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[48],"tags":[],"class_list":["post-1336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-buyers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millennials: Do You Need a Home with More Space? 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