[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1681ji033e7d":3,"$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},3653,"experts-agree-homeownership-provides-a-path-to-long-term-wealth","Experts Agree: Homeownership Provides a Path to Long-Term Wealth","A recent survey from \u003Ca href=\"https:\u002F\u002Fwww.lendingtree.com\u002Fhome\u002Fmortgage\u002Fhomeownership-renting-survey\u002F\">\u003Cem>LendingTree.com\u003C\u002Fem>\u003C\u002Fa> found there are multiple reasons why Americans would choose to purchase a home instead of \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F06\u002F18\u002Fowning-a-home-has-distinct-financial-benefits-over-renting-infographic\u002F\">renting\u003C\u002Fa>. Some of the most popular \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F05\u002F03\u002Famericans-find-the-nonfinancial-benefits-of-homeownership-most-valuable\u002F\">non-financial\u003C\u002Fa> reasons given include:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F06105011\u002F20211011-KCM-Share.jpg","A recent survey from \u003Ca href=\"https:\u002F\u002Fwww.lendingtree.com\u002Fhome\u002Fmortgage\u002Fhomeownership-renting-survey\u002F\">\u003Cem>LendingTree.com\u003C\u002Fem>\u003C\u002Fa> found there are multiple reasons why Americans would choose to purchase a home instead of \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F06\u002F18\u002Fowning-a-home-has-distinct-financial-benefits-over-renting-infographic\u002F\">renting\u003C\u002Fa>. Some of the most popular \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F05\u002F03\u002Famericans-find-the-nonfinancial-benefits-of-homeownership-most-valuable\u002F\">non-financial\u003C\u002Fa> reasons given include:\u003C!--more-->\r\n\u003Cul>\r\n \t\u003Cli>The flexibility to make the space your own\u003C\u002Fli>\r\n \t\u003Cli>The pride homeownership offers\u003C\u002Fli>\r\n \t\u003Cli>The sense of stability\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nIn the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way \u003Cstrong>homeownership \u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F09\u002F30\u002Fas-home-equity-rises-so-does-your-wealth\u002F\">\u003Cstrong>builds wealth\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong> over time.\u003C\u002Fstrong>\r\n\r\nAnd experts agree – the home you own is an important tool for building your net worth. \u003Cstrong>Here’s what many of those experts have to say about building long-term financial stability through homeownership.\u003C\u002Fstrong>\r\n\r\nAccording to the \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fblogs\u002Feconomists-outlook\u002Fmetro-area-wealth-gains-as-of-2021-q2-typical-gain-of-349000-over-30-years\">\u003Cem>National Association of Realtors\u003C\u002Fem>\u003C\u002Fa> (NAR):\r\n\u003Cblockquote>\u003Cem>“Homeowners who purchased a typical single-family existing-home 30 years ago at the median sales price of $103,333 with a 10% down payment loan and who sold the property at the median sales price of $357,700 in 2021 Q2 \u003Cstrong>accumulated housing wealth of $349,258\u003C\u002Fstrong>, . . .\u003C\u002Fem>”\u003C\u002Fblockquote>\r\nMark Fleming, Chief Economist at \u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Feconomics\u002Freconomy-podcast-should-you-rent-or-buy\">\u003Cem>First American\u003C\u002Fem>\u003C\u002Fa>, points out that\u003Cstrong> a home is truly a one-of-a-kind asset. \u003C\u002Fstrong>It’s the only asset that’s both an investment and a place for you to call your own.\r\n\u003Cblockquote>\u003Cem>“The major financial advantage of homeownership is the \u003Cstrong>accumulation of equity in the form of house price appreciation. \u003C\u002Fstrong>. . . We won’t always have 17% house price appreciation, but we have to take into account \u003Cstrong>the fact that the shelter that you're owning is an equity-generating or wealth-generating asset.\u003C\u002Fstrong>”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nHomeowners can leverage the wealth they generate in several ways throughout their life. Tapping into accumulated equity has long been used to pay for the cost of an education, to start a business, or to fund various other expenses. The \u003Ca href=\"https:\u002F\u002Fwww.jchs.harvard.edu\u002Fblog\u002Flearning-history-homeownership-rate\">\u003Cem>Joint Center of Housing Studies\u003C\u002Fem>\u003C\u002Fa> at \u003Cem>Harvard \u003C\u002Fem>points out:\r\n\u003Cblockquote>\u003Cem>“. . . by paying down mortgage principal each month and participating in the long-term appreciation of home values, a family can build wealth that can be \u003Cstrong>used for retirement or other needs, including helping the next generation.\u003C\u002Fstrong>”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWith home prices expected to continue to appreciate in coming years, homebuyers have an opportunity to start the long-term wealth-building process right now. Let’s connect today if you’re ready to begin your journey on the path to becoming a homeowner.","\r\nWith home prices expected to continue to appreciate in coming years, homebuyers have an opportunity to start the long-term wealth-building process right now. Let’s connect today if you’re ready to begin your journey on the path to becoming a homeowner.",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},53,"Rent vs. Buy","rent-vs-buy","2021-10-11T10:00:48Z","2021-10-11T10:00:49Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},3660,"whats-causing-todays-competitive-real-estate-market-infographic","What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F07124743\u002F20211008-KCM-Share.png","2021-10-08T10:00:31Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},3661,"dont-wait-for-a-lower-mortgage-rate-it-could-cost-you","Don’t Wait for a Lower Mortgage Rate – It Could Cost You","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F08085943\u002F20211012-KCM-Share.jpg","2021-10-12T10:00:04Z",{"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",[47,51,52,56,60,64,68,69,73,77,81,85,89,93,97,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"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":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":25,"name":26,"slug":27},{"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"]