[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fn8gu25x0vbp0":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},866,"the-5-greatest-benefits-of-homeownership","The 5 Greatest Benefits of Homeownership ","Recently, \u003Cem>Freddie Mac\u003C\u002Fem> \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fblog\u002Fhomeownership\u002F20170613_homeownership_benefits.html?attr=rssCB\">reported on\u003C\u002Fa> the benefits of homeownership. According to their report, here are the five benefits that \u003Cem>“should be at the top of everyone’s list.”\u003C\u002Fem>","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F07\u002F10162201\u002F20170713-Share-STM.jpg","Recently, \u003Cem>Freddie Mac\u003C\u002Fem> \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fblog\u002Fhomeownership\u002F20170613_homeownership_benefits.html?attr=rssCB\">reported on\u003C\u002Fa> the benefits of homeownership. According to their report, here are the five benefits that \u003Cem>“should be at the top of everyone’s list.”\u003C\u002Fem>\u003C!--more-->\r\n\u003Col>\r\n \t\u003Cli>Homeownership can help you build equity over time.\u003C\u002Fli>\r\n \t\u003Cli>Your monthly payments will remain stable.\u003C\u002Fli>\r\n \t\u003Cli>You may have some tax benefits.\u003C\u002Fli>\r\n \t\u003Cli>You can take pride in ownership.\u003C\u002Fli>\r\n \t\u003Cli>Homeownership improves your community.\u003C\u002Fli>\r\n\u003C\u002Fol>\r\nLet’s expand on each of \u003Cem>Freddie Mac’s\u003C\u002Fem> points:\r\n\u003Ch4>\u003Cstrong>Homeownership can help you build equity over time. \u003C\u002Fstrong>\u003C\u002Fh4>\r\nEvery three years, the \u003Cem>Federal Reserve\u003C\u002Fem> conducts a \u003Cem>Survey of Consumer Finances\u003C\u002Fem> in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).\r\n\r\nIn a \u003Cem>Forbes\u003C\u002Fem> article, the \u003Cem>National Association of Realtors’ \u003C\u002Fem>(NAR)\u003Cem> Chief Economist \u003C\u002Fem>Lawrence Yun reported that now the net worth gap is 45 times greater.\r\n\u003Ch4>\u003Cstrong>Your monthly payments will remain stable. \u003C\u002Fstrong>\u003C\u002Fh4>\r\nWhen you purchase a home with a fixed rate mortgage, the majority of the payment (principle and interest) remain constant. On the other hand, \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F05\u002F23\u002Fis-now-a-good-time-to-rent\u002F\">rents continue to skyrocket\u003C\u002Fa>. Your housing expense is much more stable if you own instead of rent.\r\n\u003Ch4>\u003Cstrong>You may have some tax benefits. \u003C\u002Fstrong>\u003C\u002Fh4>\r\nAccording to the \u003Cem>Tax Policy Center\u003C\u002Fem>’s \u003Ca href=\"http:\u002F\u002Fwww.taxpolicycenter.org\u002Fbriefing-book\u002Fwhat-are-tax-benefits-homeownership\">\u003Cem>Briefing Book\u003C\u002Fem>\u003C\u002Fa> \u003Cem>-“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System”\u003C\u002Fem> – there are several tax advantages to homeownership.\r\n\r\nHere are four items from the \u003Cem>Briefing Book\u003C\u002Fem>:\r\n\u003Cul>\r\n \t\u003Cli>Mortgage Interest Deduction\u003C\u002Fli>\r\n \t\u003Cli>Property Tax Deduction\u003C\u002Fli>\r\n \t\u003Cli>Imputed Rent\u003C\u002Fli>\r\n \t\u003Cli>Profits from Home Sale\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003Ch4>\u003Cstrong>You can take pride in ownership. \u003C\u002Fstrong>\u003C\u002Fh4>\r\nMost surveys show that a major factor in purchasing a home is the freedom you have to design the home the way you want. From paint colors to yard accessories, you don’t need a landlord’s permission to make the house feel like a home.\r\n\u003Ch4>\u003Cstrong>Homeownership improves your community.\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe \u003Cem>National Association of Realtors\u003C\u002Fem> recently released a study titled \u003Ca href=\"https:\u002F\u002Frealtoru.edu\u002Fwp-content\u002Fuploads\u002F2014\u002F06\u002FHomeownership-Stable-Housing.pdf?sf53127756=1\">\u003Cem>‘Social Benefits of Homeownership and Stable Housing.’\u003C\u002Fem>\u003C\u002Fa> The study explained:\r\n\u003Cblockquote>\u003Cem>“Homeownership does create social capital and provide residents with a platform from which to connect and interact with neighbors…Owning a home means owning part of a neighborhood, and a homeowner’s feelings of commitment to the home can arouse feelings of commitment to the neighborhood, which, in turn, can produce interactions with neighbors.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThere are many benefits to homeownership. That is why it is still a critical piece of the American Dream.","\r\nThere are many benefits to homeownership. That is why it is still a critical piece of the American Dream.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up","2017-07-13T10:00:34Z","2017-07-11T12:07:58Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},865,"homeowners-your-home-must-be-sold-twice","Homeowners: Your Home Must Be Sold TWICE","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F07\u002F10154917\u002F20170712-Share-STM.jpg","2017-07-12T10:00:02Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},867,"home-buying-myths-slayed-infographic","Home Buying Myths Slayed [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F07\u002F11143807\u002F20170414-Share-STM.jpg","2017-07-14T10:00:43Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]