[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f33rs9ux5gdkr3":3,"$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},4231,"the-u-s-homeownership-rate-is-growing","The U.S. Homeownership Rate Is Growing","The desire to own a home is \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F05\u002Fis-homeownership-still-the-american-dream\u002F\">still strong\u003C\u002Fa> today. In fact, according to the \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fhousing\u002Fhvs\u002Ffiles\u002Fcurrenthvspress.pdf\">\u003Cem>Census\u003C\u002Fem>\u003C\u002Fa>, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F12152918\u002F20220815-KCM-Share.jpg","The desire to own a home is \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F05\u002Fis-homeownership-still-the-american-dream\u002F\">still strong\u003C\u002Fa> today. In fact, according to the \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fhousing\u002Fhvs\u002Ffiles\u002Fcurrenthvspress.pdf\">\u003Cem>Census\u003C\u002Fem>\u003C\u002Fa>, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year:\u003C!--more-->\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F12152921\u002F20220815-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-46995\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F12152921\u002F20220815-MEM-Eng-1.png\" alt=\"The U.S. Homeownership Rate Is Growing | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\n\u003Cstrong>That data shows more than half of the U.S. population live in a home they own, and the percentage is growing with time.\u003C\u002Fstrong>\r\n\r\nIf you’re thinking about \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F27\u002Fwant-to-buy-a-home-now-may-be-the-time\u002F\">buying a home\u003C\u002Fa> this year, here are just a few reasons why so many people see the value of homeownership.\r\n\u003Ch4>\u003Cstrong>Why Are More People Becoming Homeowners?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThere are several benefits to owning your home. A significant one, especially when \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F20\u002Fshould-you-buy-a-home-with-inflation-this-high\u002F\">inflation\u003C\u002Fa> is high like it is today, is that homeownership can help protect you from rising costs. Lawrence Yun, Chief Economist at the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR), \u003Ca href=\"https:\u002F\u002Fsponsorcontent.cnn.com\u002Finteractive\u002Fnar\u002Fbenefits-of-home-ownership\u002F\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“In the 1970s, when inflation was running around 10%, home prices were rising at approximately the same rate. \u003Cstrong>Renters actually have a harder time in inflationary periods, because rents tend to rise along with inflation, whereas mortgage payments stay the same for homeowners with fixed-rate mortgages\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nWhen you \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F03\u002Fbuying-a-home-may-make-more-financial-sense-than-renting-one\u002F\">buy a home\u003C\u002Fa> with a fixed-rate mortgage, you can lock in what's likely your biggest monthly expense – your housing payment – for the duration of that loan, often 15-30 years.\r\n\r\nThat gives you a predictable monthly housing expense that can benefit you in the short term, but you’ll also \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F06\u002Fhow-your-equity-can-grow-over-time\u002F\">gain equity\u003C\u002Fa> over time as your home appreciates in value and you make your monthly mortgage payment.\r\n\r\nAnd with that growing equity, your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F13\u002Fshould-i-buy-a-home-right-now\u002F\">net worth\u003C\u002Fa> will increase as well. In fact, the \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\">latest data\u003C\u002Fa> from NAR shows the median household net worth of a homeowner is roughly $300,000, while the median net worth of renters is only about $8,000. \u003Cstrong>That means a homeowner’s net worth is nearly 40 times that of a renter.\u003C\u002Fstrong>\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F12152923\u002F20220815-MEM-Eng-2.png\">\u003Cimg class=\"aligncenter wp-image-46996\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F12152923\u002F20220815-MEM-Eng-2.png\" alt=\"The U.S. Homeownership Rate Is Growing | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThe U.S. homeownership rate is growing. If you’re ready to purchase the home of your dreams, let’s connect so you can begin the homebuying process today.","\r\nThe U.S. homeownership rate is growing. If you’re ready to purchase the home of your dreams, let’s connect so you can begin the homebuying process today.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F12152921\u002F20220815-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","2022-08-15T10:00:27Z","2023-02-03T15:33:58Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},4221,"why-experts-say-the-housing-market-wont-crash-infographic","Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F10115444\u002F20220811-KCM-Share.png","2022-08-12T10:00:49Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},4232,"what-would-a-recession-mean-for-the-housing-market","What Would a Recession Mean for the Housing Market?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F15125123\u002F20220816-KCM-Share.jpg","2022-08-16T10:00:26Z",{"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"]