[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fhx5g50gdmxqr":3,"$ffeh0925h8cuz":47,"$f2emv3tus0uf1":51,"$fbwk2pqjjqsc7":55},{"item":4,"previous":35,"next":41},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":33,"updatedAt":34},1751,"homeownership-is-a-key-to-building-wealth","Homeownership Is a Key to Building Wealth","For years, real estate has been considered the best \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F07\u002F10\u002Famericans-rank-real-estate-best-investment-for-7-years-running-infographic\u002F\">investment\u003C\u002Fa> you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fpublications\u002Ffiles\u002Fscf20.pdf\">\u003Cem>2019 Survey of Consumer Finance Data\u003C\u002Fem>\u003C\u002Fa> from the \u003Cem>Federal Reserve, \u003C\u002Fem>for the average homeowner:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F09104005\u002F20201110-KCM-Share.jpg","For years, real estate has been considered the best \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F07\u002F10\u002Famericans-rank-real-estate-best-investment-for-7-years-running-infographic\u002F\">investment\u003C\u002Fa> you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fpublications\u002Ffiles\u002Fscf20.pdf\">\u003Cem>2019 Survey of Consumer Finance Data\u003C\u002Fem>\u003C\u002Fa> from the \u003Cem>Federal Reserve, \u003C\u002Fem>for the average homeowner:\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>“…a primary home accounts for 90% of the total wealth of a family in the U.S.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>How do homeowners gain wealth?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nMost large purchases, like cars and appliances, depreciate in value as they age, so it’s understandable to question how owning a home can \u003Cstrong>increase \u003C\u002Fstrong>wealth over time. In a simple equation, the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR) \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fblogs\u002Feconomists-outlook\u002Fmetro-area-wealth-gains-from-homeownership-as-of-2020-q2\">explains\u003C\u002Fa> how the combination of paying your mortgage and home price appreciation grow overall wealth:\r\n\u003Cp style=\"text-align: center;\">\u003Cstrong>Principal Payments + Price Appreciation Gains = Housing Wealth Gain\u003C\u002Fstrong>\u003C\u002Fp>\r\nAs home values increase and you make payments toward your home loan, you’ll gain wealth through \u003Cstrong>equity\u003C\u002Fstrong>. The same article from NAR also addresses how wealth gains tend to play out over time:\r\n\u003Cblockquote>\u003Cem>“Housing wealth accumulation takes time and is built up by paying off the mortgage debt and by price appreciation. And while home prices can fall\u003Cstrong>, home prices tend to recover and go up over the longer term. \u003C\u002Fstrong>As of September 2020, the median sales price of existing home sales was $311,800, a 35% gain since July 2006 when prices peaked at $230,000.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nTaking a look at how equity has grown for the typical homeowner, it’s clear to see how real estate is a sound long-term investment. NAR notes:\r\n\u003Cblockquote>\u003Cem>“Nationally, \u003Cstrong>a person who purchased a typical home 30 years ago would have typically gained about $283,000 as of the second quarter of 2020\u003C\u002Fstrong>.” (See graph below):\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201110-MEM-Eng-1.jpg\">\u003Cimg class=\"aligncenter wp-image-43332\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201110-MEM-Eng-1.jpg\" alt=\"Homeownership Is a Key to Building Wealth | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhether you’re a current homeowner planning to put your \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F10\u002F02\u002Frising-home-equity-can-power-your-next-move-infographic\u002F\">equity\u003C\u002Fa> toward a new home or have hopes of buying your first home soon, homeownership will always be a great opportunity to build your net worth and overall wealth. Owning a home is truly an investment in your financial future.","\r\nWhether you’re a current homeowner planning to put your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F10\u002F02\u002Frising-home-equity-can-power-your-next-move-infographic\u002F\">equity\u003C\u002Fa> toward a new home or have hopes of buying your first home soon, homeownership will always be a great opportunity to build your net worth and overall wealth. Owning a home is truly an investment in your financial future.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201110-MEM-Eng-1.jpg",false,[17,21,25,29],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices",{"id":30,"name":31,"slug":32},53,"Rent vs. Buy","rent-vs-buy","2020-11-10T10:00:44Z","2020-11-10T11:00:44Z",{"id":36,"slug":37,"title":38,"featuredImage":39,"publishedAt":40,"contentType":10,"isVideo":15},1750,"is-it-safe-to-sell-my-house-right-now","Is it Safe to Sell My House Right Now?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F06120000\u002F20201109-KCM-Share.jpg","2020-11-09T10:00:35Z",{"id":42,"slug":43,"title":44,"featuredImage":45,"publishedAt":46,"contentType":10,"isVideo":15},1752,"va-home-loans-helping-heroes-find-a-home","VA Home Loans: Helping Heroes Find a Home","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F09165744\u002F20201111-KCM-Share.jpg","2020-11-11T10:00:37Z",{"cover":48,"open":49,"shareSpread":50},"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",{"cover":52,"open":53,"shareSpread":54},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[56,60,61,62,66,70,71,75,79,83,87,91,95,99,103,104,108,112,116,120,124,128,132,136,140,144,148,152,156,160],{"id":57,"name":58,"slug":59},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":63,"name":64,"slug":65},7,"Foreclosures","foreclosures",{"id":67,"name":68,"slug":69},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":72,"name":73,"slug":74},11,"First-Time Buyers","first-time-buyers",{"id":76,"name":77,"slug":78},34,"Senior Market","senior-market",{"id":80,"name":81,"slug":82},35,"Mortgage Rates","mortgage-rates",{"id":84,"name":85,"slug":86},38,"Move-Up","move-up",{"id":88,"name":89,"slug":90},41,"For Sale by Owner","for-sale-by-owner",{"id":92,"name":93,"slug":94},42,"Featured","featured",{"id":96,"name":97,"slug":98},45,"New Construction","new-construction",{"id":100,"name":101,"slug":102},52,"Luxury \u002F Vacation","luxury--vacation",{"id":30,"name":31,"slug":32},{"id":105,"name":106,"slug":107},80,"Time-sensitive","time-sensitive",{"id":109,"name":110,"slug":111},81,"Outdated","outdated",{"id":113,"name":114,"slug":115},147,"Internal","internal",{"id":117,"name":118,"slug":119},148,"Do Not Autopost","do-not-autopost",{"id":121,"name":122,"slug":123},320,"Inventory","inventory",{"id":125,"name":126,"slug":127},321,"Agent Value","agent-value",{"id":129,"name":130,"slug":131},322,"Affordability","affordability",{"id":133,"name":134,"slug":135},323,"Buying Tips","buying-tips",{"id":137,"name":138,"slug":139},324,"Downsize","downsize",{"id":141,"name":142,"slug":143},325,"Economy","economy",{"id":145,"name":146,"slug":147},326,"Equity","equity",{"id":149,"name":150,"slug":151},327,"Forecasts","forecasts",{"id":153,"name":154,"slug":155},328,"Selling Tips","selling-tips",{"id":157,"name":158,"slug":159},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":161,"name":162,"slug":163},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]