• (714) 470-8600
    • mike@mikepatel.com

Mahesh Mike Patel

Anaheim Hills Real Estate

  • Menu
  • Search
    • Advanced Search
    • Map Search
    • Listing ID Search
    • Address Search
    • Browse by City
    • My Account
  • About
    • Meet Mike
    • Read Reviews
    • Watch Reviews
    • Marketing Plan
    • Luxury Homes
  • Buyers
    • Buying With Us
    • Hot Properties
    • Luxury Homes
    • Off Market Listings
    • Mortgage Calculator
    • My Listing Manager
    • Commercial
    • Residential Income
    • REO Properties and Foreclosure
    • Short Sale Properties
  • Sellers
    • Free Instant Home Value
    • Selling With Us
    • Marketing Plan
    • Sold Portfolio
    • FREE Home Valuation
    • Luxury Homes
    • Commercial
    • Residential Income
    • Short Sale Properties
    • REO Properties and Foreclosure
    • 12 Reasons Your Home Didn’t Sell
  • Communities
    • Anaheim
    • Anaheim Hills
    • Brea
    • Buena Park
    • Fullerton
    • Garden Grove
    • Orange
    • Placentia
    • Tustin
    • Tustin Ranch
    • Villa Park
    • Yorba Linda
  • Commercial
  • Income Properties
    • Residential Income
    • REO Properties and Foreclosure
    • Short Sale Properties
  • Youtube Channel
  • Blog
    • Events
  • Contact

Millennials: Is It Time to Buy a Bigger Home?

Millennials: Is It Time to Buy a Bigger Home? | Simplifying The Market

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re 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’re 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.

For those millennials who already own a home, there’s a great opportunity to move up in 2021. Danielle Hale, Chief Economist at realtor.com, explains:

“Older millennials will be trade-up buyers with many having owned their first homes long enough to see substantial equity gains.”

Even if you bought a home sometime in the last few years, you may have more equity than you realize, and that’s a big factor to consider when you’re thinking about moving. According to the Homeowner Equity Insights Report from CoreLogic:

“In the third quarter of 2020, the average homeowner gained approximately $17,000 in equity during the past year. This marks the largest average equity gain since the first quarter of 2014.”

Growing equity can be the driver you’re 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.

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

Bottom Line

If you’re a millennial thinking about moving this year, you’re not alone. Let’s connect to shed light on the equity you have in your current home and the opportunities it can create.

Posted in: News & Blog

Post navigation

« 3 Ways You’ll Win When You Buy a Home This Year
3 Ways Home Equity Can Have a Major Impact on Your Life »

Search Properties

Get FREE Listing Manager

Login to Listing Manager

Featured Properties

1064 N Tustin Street $1,800,000

1064 N Tustin Street Orange, California

Beds Baths 2,666 Sq Ft Acres

1062 Irvine Boulevard $1,600,000

1062 Irvine Boulevard Tustin, California

Beds Baths 1,500 Sq Ft Acres

2444 Huntington Drive $1,150,000

2444 Huntington Drive Duarte, California

Beds Baths 1,582 Sq Ft Acres

Search for:
Search for:
Search for:

RSS MikePatel’s Blog

12 Reasons Your Home Didn‘t Sell

Fill out this form to get this information-filled booklet as a PDF download.

  • This field is for validation purposes and should be left unchanged.

From Our Clients…

Yvonne Y.

I can’t say enough good things about Mike Patel! He’s professional, honest, hard working and just an overall kind person. He knows residential real estate like the back of his hand, an incredible negotiator! If you’re in need of a local Realtor look no further.

Read More Reviews »

What’s Your Home Worth?

I am the premier agent to turn to when you are ready to list your property to sell quickly and at top dollar! I compare other properties in the local market to make sure we list it at the right asking price.

FREE Home Valuation

Mahesh Mike Patel

  • Call/Text: (714) 470-8600
  • mike@mikepatel.com
  • 8028 S Santa Ana Canyon Rd Anaheim Hills, CA 92808
Happy Client testimonial

© 2022 Mahesh Mike Patel, CA BRE# 01146880 | All Rights Reserved

Agent Reputation – Real Estate Website Design

Privacy Policy | DMCA | Sitemap