[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fg12ktl11vn4z":3,"$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},3960,"a-key-to-building-wealth-is-homeownership","A Key To Building Wealth Is Homeownership","The link between financial security and homeownership is especially important today as \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F01\u002F11\u002Fwhy-inflation-shouldnt-stop-you-from-buying-a-home-in-2022\u002F\">inflation\u003C\u002Fa> rises.  But many people may not realize just how much owning a home contributes to your overall \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F02\u002F21\u002Freal-estate-voted-the-best-investment-eight-years-in-a-row\u002F\">net worth\u003C\u002Fa>. As Leslie Rouda Smith, President of the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fmiddle-income-households-gain-2-1-trillion-in-housing-wealth-in-a-decade\">says\u003C\u002Fa>:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F24150151\u002F20220328-KCM-Share.jpg","The link between financial security and homeownership is especially important today as \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F01\u002F11\u002Fwhy-inflation-shouldnt-stop-you-from-buying-a-home-in-2022\u002F\">inflation\u003C\u002Fa> rises.  But many people may not realize just how much owning a home contributes to your overall \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F02\u002F21\u002Freal-estate-voted-the-best-investment-eight-years-in-a-row\u002F\">net worth\u003C\u002Fa>. As Leslie Rouda Smith, President of the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fmiddle-income-households-gain-2-1-trillion-in-housing-wealth-in-a-decade\">says\u003C\u002Fa>:\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>\"Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability.\" \u003C\u002Fem>\u003C\u002Fblockquote>\r\nHere are just a few reasons why, if you’re looking to increase your financial stability, homeownership is a worthwhile goal.\r\n\u003Ch4>\u003Cstrong>Owning a Home Is a Building Block for Financial Success\u003C\u002Fstrong>\u003C\u002Fh4>\r\nA recent NAR \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2022-snapshot-of-race-and-home-buying-in-the-us-report-02-23-2022_0.pdf\">report\u003C\u002Fa> details several homeownership trends and statistics, including the difference in net worth between homeowners and \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F02\u002F25\u002Fthe-difference-between-renting-and-owning-infographic\u002F\">renters\u003C\u002Fa>. It finds:\r\n\r\n\u003Cem>“. . . the net worth of a homeowner was about \u003Cstrong>$300,000 while that of a renter’s was $8,000 in 2021\u003C\u002Fstrong>.”\u003C\u002Fem>\r\n\r\n\u003Cstrong>To put that into perspective, the average homeowner’s net worth is roughly 40 times that of a renter\u003C\u002Fstrong> \u003Cem>(see visual below):\u003C\u002Fem>\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F24150139\u002F20220328-MEM-Eng.png\">\u003Cimg class=\"aligncenter wp-image-46233\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F24150139\u002F20220328-MEM-Eng.png\" alt=\"A Key To Building Wealth Is Homeownership | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nThe results from this report show that owning a home is a key piece to the puzzle when building your overall net worth.\r\n\u003Ch4>\u003Cstrong>Equity Gains Can Substantially Boost a Homeowner’s Net Worth\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe net worth gap between owners and renters exists in large part because homeowners build \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F21\u002Fthe-average-homeowner-gained-more-than-55k-in-equity-over-the-past-year\u002F\">equity\u003C\u002Fa>. As a homeowner, your equity grows as your home \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F03\u002Fare-home-prices-continuing-to-rise\u002F\">appreciates\u003C\u002Fa> in value and you make your mortgage payments each month.\r\n\r\nIn other words, when you own your home, you have the benefit of your mortgage payment acting as a contribution to a forced savings account. And when you sell, any equity you’ve built up comes back to you. \u003Cstrong>As a \u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F01\u002F31\u002Fowning-is-more-affordable-than-renting-in-the-majority-of-the-country\u002F\">\u003Cstrong>renter\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong>, you’ll never see a return on the money you pay out in rent every month.\u003C\u002Fstrong>\r\n\r\nTo sum it up, NAR says it \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2022-snapshot-of-race-and-home-buying-in-the-us-report-02-23-2022_0.pdf\">simply\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cstrong>\u003Cem>“Homeownership has always been an important way to build wealth.”\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThe gap between a homeowner’s net worth and a renter’s shows how truly foundational homeownership is to wealth-building. If you’re ready to start on your journey to homeownership, let’s connect today.","\r\nThe gap between a homeowner’s net worth and a renter’s shows how truly foundational homeownership is to wealth-building. If you’re ready to start on your journey to homeownership, let’s connect today.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F24150139\u002F20220328-MEM-Eng.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","2022-03-28T10:00:27Z","2022-11-16T17:23:03Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},3953,"how-an-energy-efficient-home-can-be-a-bright-idea-infographic","How an Energy Efficient Home Can Be a Bright Idea [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F23164059\u002F20220325-KCM-Share.png","2022-03-25T10:00:02Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},3962,"the-best-week-to-list-your-house-is-just-around-the-corner","The Best Week To List Your House Is Just Around the Corner","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F28142225\u002F20220329-KCM-Share.jpg","2022-03-29T10:00:45Z",{"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"]