Currently in the real estate market, Generation Y is the focus of attention for market participants. However, the millennial generation is not only larger than Generation Y, but is also in a very interesting age range for the real estate market, between 25 and 40 years old.

These are often considered the first years to buy a house, when many people start to form their own families and invest in real estate.

If you're like many millennials who are spending a lot more time at home these days, you may have a growing need for more space or updated features, making the move more desirable than ever.

For millennials who already own a home, there is a great opportunity to buy a larger home in 2021. Danielle Hale, Chief Economist at realtor.com, explains:

[mpc_quote preset="mpc_preset_26" layout="style_4" author_font_preset="mpc_preset_38" author_font_color="#5555" author_font_size="16" author_font_transform="uppercase" author_font_align="left" author="John Lennon" quote_font_preset="mpc_preset_1" quote_font_color="#8888" quote_font_size="18" quote_font_line_height="1.5" quote_font_align="left" icon="eti eti_quotations" icon_color="#efefef" icon_size="100" icon_opacity="100" border_divider="true" border_css="border-top:0px;border-right:0px;border-bottom:0px;border-left:10px;border-color:#d66884;border-style:solid;" padding_divider="true" padding_css="padding-top:20px;padding-right:40px;padding-bottom:20px;padding-left:40px;" mpc_ribbon__disable="true"]
Imagine all the people living life in peace. You may say I'm a dreamer, but I'm not the only one. I hope someday you'll join us, and the world will be as one.
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Even if you've bought a house in recent years, you may have more equity than you realize, and that's a big factor to consider when you're thinking of moving. According to Homeowner Equity Insights Report f from CoreLogic:

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Increased equity can be the motivator you're looking for to finance your next move, especially if what you need in a home is changing now. As equity increases over time, it can be used to pay the down payment on your next home.

In addition to property gains, the affordability of today's housing market is fueled by Hypothecation rates records, so moving at a time when you can get more for your money may be more realistic than you think.

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Conclusion

If you're a millennial thinking of moving this year, you're not alone. We're going to connect to clarify the whole process of buying a new house, or how to sell your current one to buy a bigger one, and all the opportunities this can create.

Any doubts?

Now that you know a little more about how the real estate market behaves during recessions, you can consider investing in vacation homes in Orlando. To make the most of all the tips we've given you and go even deeper, you can talk directly to our relationship agents. They are always happy to talk to you to answer any questions you may have about investing in Florida.

In this article, we've covered the topic of the behavior of the real estate market during recessions because it's interesting for those looking to invest in Florida. If you would like to read more content like the one in this article, just stay tuned to our blog.

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