[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1giiyidr60aez":3,"$ffeh0925h8cuz":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"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":29,"updatedAt":30},1858,"homeownership-is-full-of-financial-benefits","Homeownership Is Full of Financial Benefits","\u003Cp>A \u003Cem>Fannie Mae\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fmedia\u002F38891\u002Fdisplay\" rel=\"noopener noreferrer\" target=\"_blank\">survey\u003C\u002Fa> recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents:\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F07104129\u002F20210408-KCM-Share.jpg","\u003Cul>\u003Cli>A \u003Cem>Fannie Mae\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fmedia\u002F38891\u002Fdisplay\" rel=\"noopener noreferrer\" target=\"_blank\">survey\u003C\u002Fa> recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents:88% - a better chance of saving for retirement\u003C\u002Fli>\u003Cli>87% - the best investment plan\u003C\u002Fli>\u003Cli>85% - the chance to be better off financially\u003C\u002Fli>\u003Cli>85% - the chance to build up wealth\u003C\u002Fli>\u003C\u002Ful>\u003Cp>Additional financial advantages of homeownership included in the survey are having the best overall tax situation and being able to live within your budget.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Does homeownership actually give you a better chance to build wealth?\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>No one can question a person’s unique feelings about the importance of homeownership. However, it’s fair to ask if the numbers justify homeownership as a \u003Cstrong>financial\u003C\u002Fstrong> asset. Last fall, the \u003Cem>Federal Reserve\u003C\u002Fem> released the \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fpublications\u002Ffiles\u002Fscf20.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">Survey of Consumer Finances\u003C\u002Fa>, a report done every three years, with the latest edition covering through 2019. Their findings confirmed that homeownership is a clear financial benefit. The survey found that \u003Cstrong>homeownershave forty times higher net worth than renters\u003C\u002Fstrong> ($255,000 for homeowners compared to $6,300 for renters). The difference in net worth between homeowners and renters has continued to grow. Here’s a graph showing the results of the last four Fed surveys:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210408-MEM-Eng-1.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210408-MEM-Eng-1.png\" alt=\"Homeownership Is Full of Financial Benefits | Simplifying The Market\" height=\"488\" width=\"650\">\u003C\u002Fa>The above graph only includes data through 2019, but according to \u003Cem>CoreLogic\u003C\u002Fem>, the \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Finsights-download\u002Fhomeowner-equity-report.aspx\" rel=\"noopener noreferrer\" target=\"_blank\">equity\u003C\u002Fa> held by homeowners grew by $26,300 over the last twelve months alone. That means the gap between the net worth of homeowners and renters has probably widened even further over the last year. Some might argue the difference in net worth may be due to homeowners normally having larger incomes than renters and therefore the ability to save more money. However, a \u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Feconomics\u002Fhomeownership-remains-strongly-linked-to-wealth-building\" rel=\"noopener noreferrer\" target=\"_blank\">study\u003C\u002Fa> by \u003Cem>First American\u003C\u002Fem> shows homeowners have greater net worth than renters regardless of their income level. Here are the findings:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210408-MEM-Eng-2.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210408-MEM-Eng-2.png\" alt=\"Homeownership Is Full of Financial Benefits | Simplifying The Market\" height=\"488\" width=\"650\">\u003C\u002Fa>Others may think homeowners are older and that’s why they have a greater net worth. However, a \u003Cem>Joint Center for Housing Studies ofHarvard University\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Fwww.jchs.harvard.edu\u002Fsites\u002Fdefault\u002Ffiles\u002Freports\u002Ffiles\u002FHarvard_JCHS_Housing_Americas_Older_Adults_2019.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">report\u003C\u002Fa> on homeowners and renters over the age of 65 reveals:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“The ability to build equity puts homeowners far ahead of renters in terms of household wealth…the median owner age 65 and over had home equity of $143,500 and net wealth of $319,200. By comparison, the net wealth of the same-age renter was just $6,700.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>Homeowners 65 and older have 47.6 times greater net worth than renters.\u003C\u002Fp>\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>The idea of homeownership as a direct way to build your net worth has met the test of time. Let’s connect if you’re ready to take steps toward becoming a homeowner.\u003C\u002Fp>","\u003Cp>The idea of homeownership as a direct way to build your net worth has met the test of time. Let’s connect if you’re ready to take steps toward becoming a homeowner.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210408-MEM-Eng-1.png",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers",{"id":26,"name":27,"slug":28},53,"Rent vs. Buy","rent-vs-buy","2021-04-08T10:00:48Z","2025-01-28T18:46:47Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},1857,"latest-jobs-report-what-does-it-mean-for-you-the-housing-market","Latest Jobs Report: What Does It Mean for You & the Housing Market?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F06115812\u002F20210407-KCM-Share.jpg","2021-04-07T10:00:59Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},1859,"multigenerational-housing-is-gaining-momentum-infographic","Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F08105556\u002F20210409-KCM-Share.png","2021-04-09T10:00:27Z",{"cover":44,"open":45,"shareSpread":46},"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",[48,52,53,57,61,65,69,70,74,78,82,86,90,94,98,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},6,"For Sellers","sellers",{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":66,"name":67,"slug":68},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":75,"name":76,"slug":77},35,"Mortgage Rates","mortgage-rates",{"id":79,"name":80,"slug":81},38,"Move-Up","move-up",{"id":83,"name":84,"slug":85},41,"For Sale by Owner","for-sale-by-owner",{"id":87,"name":88,"slug":89},42,"Featured","featured",{"id":91,"name":92,"slug":93},45,"New Construction","new-construction",{"id":95,"name":96,"slug":97},52,"Luxury \u002F Vacation","luxury--vacation",{"id":26,"name":27,"slug":28},{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]