[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fdf133dpdck3b":3,"$ffeh0925h8cuz":47,"$fbwk2pqjjqsc7":51},{"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},3696,"renters-missed-out-on-51500-this-past-year","Renters Missed Out on $51,500 This Past Year","Rents have increased significantly this year. The latest \u003Ca href=\"https:\u002F\u002Fwww.apartmentlist.com\u002Fresearch\u002Fnational-rent-data\">\u003Cem>National Rent Report\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>Apartmentlist.com\u003C\u002Fem> shows rents are rising at a rate much higher than the three years leading up to the pandemic:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29154833\u002F20211101-KCM-Share.jpg","Rents have increased significantly this year. The latest \u003Ca href=\"https:\u002F\u002Fwww.apartmentlist.com\u002Fresearch\u002Fnational-rent-data\">\u003Cem>National Rent Report\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>Apartmentlist.com\u003C\u002Fem> shows rents are rising at a rate much higher than the three years leading up to the pandemic:\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>“Since January of this year, \u003Cstrong>the national median rent has increased by a staggering 16.4 percent.\u003C\u002Fstrong> To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nLooking back, we can see rents rising isn’t new. The median rental price has \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fhousing\u002Fhvs\u002Ffiles\u002Fcurrenthvspress.pdf\">increased\u003C\u002Fa> consistently over the past 33 years \u003Cem>(see graph below)\u003C\u002Fem>:\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29154834\u002F20211101-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-45425\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29154834\u002F20211101-MEM-Eng-1.png\" alt=\"Renters Missed Out on $51,500 This Past Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>If you’re thinking of \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F01\u002Freasons-renters-buy-infographic\u002F\">renting\u003C\u002Fa> for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F09\u002F23\u002Ftwo-reasons-why-waiting-a-year-to-buy-could-cost-you\u002F\">cost\u003C\u002Fa> of renting.\r\n\u003Ch4>\u003Cstrong>The Money Renters Stand To Lose This Year\u003C\u002Fstrong>\u003C\u002Fh4>\r\nA homeowner’s monthly mortgage payment pays for their shelter, but it also acts as an investment. That investment grows in the form of \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F06\u002Fthe-importance-of-home-equity-in-building-wealth\u002F\">equity\u003C\u002Fa> as a homeowner makes their mortgage payment each month to pay down what they owe on their home loan. Their equity gets an additional boost from home \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F19\u002Fwhat-does-the-future-hold-for-home-prices\u002F\">price appreciation\u003C\u002Fa>, which is at near-record levels this year.\r\n\r\nThe latest \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fhomeowner-equity-insights\u002F\">\u003Cem>Homeowner Equity Insights\u003C\u002Fem>\u003C\u002Fa> report from \u003Cem>CoreLogic\u003C\u002Fem> found homeowners gained significant wealth through their \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F22\u002Fyour-home-equity-is-growing-infographic\u002F\">home equity\u003C\u002Fa> this past year. The research shows:\r\n\u003Cblockquote>\u003Cem>“. . . the average homeowner gained approximately $51,500 in equity during the past year.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nAs a renter, you don’t get the same benefit. Your rent payment only covers the cost of shelter and any included amenities. None of your monthly rent payments come back to you as an investment. That means, by renting this year, you likely paid more in rent than you did in the previous year, and you also missed out on the potential wealth gain of $51,500 you could have had by owning your own home.\r\n\u003Ch3>\u003Cstrong>Bottom Line \u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhen deciding whether you should rent or buy in the future, keep in mind how much renting can cost you. Another year of renting is another year you’ll pay rising rents and miss out on building your wealth through home equity. Let’s connect today to talk more about the benefits of buying over renting."," \r\nWhen deciding whether you should rent or buy in the future, keep in mind how much renting can cost you. Another year of renting is another year you’ll pay rising rents and miss out on building your wealth through home equity. Let’s connect today to talk more about the benefits of buying over renting.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29154834\u002F20211101-MEM-Eng-1.png",false,[17,21,25,29],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},53,"Rent vs. Buy","rent-vs-buy","2021-11-01T10:00:03Z","2021-11-01T10:00:04Z",{"id":36,"slug":37,"title":38,"featuredImage":39,"publishedAt":40,"contentType":10,"isVideo":15},3687,"the-mortgage-process-doesnt-have-to-be-scary-infographic","The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F27142914\u002F20211029-KCM-Share.png","2021-10-29T10:00:58Z",{"id":42,"slug":43,"title":44,"featuredImage":45,"publishedAt":46,"contentType":10,"isVideo":15},3694,"sellers-have-incredible-leverage-in-todays-market","Sellers Have Incredible Leverage in Today’s Market","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29121455\u002F20211102-KCM-Share.jpg","2021-11-02T10:00:38Z",{"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",[52,56,57,61,65,69,70,71,75,79,83,87,91,95,99,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":58,"name":59,"slug":60},6,"For Sellers","sellers",{"id":62,"name":63,"slug":64},7,"Foreclosures","foreclosures",{"id":66,"name":67,"slug":68},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":26,"name":27,"slug":28},{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":30,"name":31,"slug":32},{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":117,"name":118,"slug":119},320,"Inventory","inventory",{"id":121,"name":122,"slug":123},321,"Agent Value","agent-value",{"id":125,"name":126,"slug":127},322,"Affordability","affordability",{"id":129,"name":130,"slug":131},323,"Buying Tips","buying-tips",{"id":133,"name":134,"slug":135},324,"Downsize","downsize",{"id":137,"name":138,"slug":139},325,"Economy","economy",{"id":141,"name":142,"slug":143},326,"Equity","equity",{"id":145,"name":146,"slug":147},327,"Forecasts","forecasts",{"id":149,"name":150,"slug":151},328,"Selling Tips","selling-tips",{"id":153,"name":154,"slug":155},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":157,"name":158,"slug":159},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]