[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3e2oah7pbrtwv":3,"$ffeh0925h8cuz":38,"$fbwk2pqjjqsc7":42},{"item":4,"previous":26,"next":32},{"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":24,"updatedAt":25},4263,"how-owning-a-home-builds-your-net-worth","How Owning a Home Builds Your Net Worth","\u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F15\u002Fthe-u-s-homeownership-rate-is-growing\u002F\">Owning a home\u003C\u002Fa> is a major financial milestone and an achievement to take pride in. One major reason: the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F06\u002Fhow-your-equity-can-grow-over-time\u002F\">equity\u003C\u002Fa> you build as a homeowner gives your net worth a big boost. And with high \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F20\u002Fshould-you-buy-a-home-with-inflation-this-high\u002F\">inflation\u003C\u002Fa> right now, the link between owning your home and building your wealth is especially important.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F01094059\u002F20220906-KCM-Share.jpg","\u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F15\u002Fthe-u-s-homeownership-rate-is-growing\u002F\">Owning a home\u003C\u002Fa> is a major financial milestone and an achievement to take pride in. One major reason: the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F06\u002Fhow-your-equity-can-grow-over-time\u002F\">equity\u003C\u002Fa> you build as a homeowner gives your net worth a big boost. And with high \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F20\u002Fshould-you-buy-a-home-with-inflation-this-high\u002F\">inflation\u003C\u002Fa> right now, the link between owning your home and building your wealth is especially important.\u003C!--more-->\r\n\r\nIf you’re looking to increase your financial security, here’s why now could be a good time to start on your journey toward \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F25\u002Fwhy-you-may-want-to-start-your-home-search-today\u002F\">homeownership\u003C\u002Fa>.\r\n\u003Ch4>\u003Cstrong>Owning a Home Is a Key Ingredient for Financial Success\u003C\u002Fstrong>\u003C\u002Fh4>\r\nA \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> from the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR) details several homeownership trends, including a significant gap in net worth between homeowners and renters\u003Cem>. \u003C\u002Fem>It finds:\r\n\u003Cblockquote>\u003Cem>“. . . the net worth of a homeowner was \u003Cstrong>about $300,000 while that of a renter’s was $8,000 in 2021.”\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Cstrong>To put that into perspective, the average homeowner’s net worth is roughly 40 times that of a renter’s\u003C\u002Fstrong>. This difference shows owning a home is a key step in achieving financial success.\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 equity. When you own a home, your equity grows as your home \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F30\u002Fwhats-actually-happening-with-home-prices-today\u002F\">appreciates in value\u003C\u002Fa> and you make your mortgage payments each month. As a \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F03\u002Fbuying-a-home-may-make-more-financial-sense-than-renting-one\u002F\">renter\u003C\u002Fa>, you don’t have that same opportunity. A recent article from \u003Cem>CNET\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.cnet.com\u002Fpersonal-finance\u002Fmortgages\u002Fshould-you-buy-a-home-in-2022-heres-what-you-need-to-know\u002F\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Homeownership is still considered one of the most reliable ways to build wealth. When you make monthly mortgage payments, you're building equity in your home\u003C\u002Fstrong> . . .\u003C\u002Fem> \u003Cem>When you rent, you aren't investing in your financial future the same way you are when you're paying off a mortgage.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nBut on top of that, your home equity grows even more as your home \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F11\u002Fwhat-does-the-rest-of-the-year-hold-for-home-prices\u002F\">appreciates\u003C\u002Fa> in value over time. That has a major impact on the wealth you build, as a recent article from \u003Cem>Bankrate\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.bankrate.com\u002Fhome-equity\u002Fhow-to-build-equity-in-your-home\u002F\">notes\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Building home equity can help you increase your wealth over time, . . . \u003Cstrong>A home is one of the only assets that have the potential to appreciate in value as you pay it down\u003C\u002Fstrong>\u003C\u002Fem>.”\u003C\u002Fblockquote>\r\nIn other words, when you own your home, you have the advantage of your mortgage payment acting as a contribution to a forced savings account that \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F25\u002Fwhats-causing-ongoing-home-price-appreciation\u002F\">grows in value\u003C\u002Fa> as your home does. And when you sell, any \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F08\u002Fwhy-growing-home-equity-is-great-news-if-you-plan-to-move-infographic\u002F\">equity\u003C\u002Fa> you’ve built up comes back to you. \u003Cstrong>As a renter, you’ll never see a return on the money you pay out in rent every month.\u003C\u002Fstrong>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nOwning a home is an important part of building your net worth. If you’re ready to start on your journey to homeownership, let’s connect today.","\r\nOwning a home is an important part of building your net worth. If you’re ready to start on your journey to homeownership, let’s connect today.",false,[16,20],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers","2022-09-06T10:00:53Z","2023-02-03T15:33:54Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},4270,"honoring-the-american-workforce-2022","Honoring the American Workforce","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F01151734\u002F20220905-KCM-Share.png","2022-09-05T10:00:06Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},4272,"expert-forecasts-on-mortgage-rates","Expert Forecasts on Mortgage Rates","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F06131036\u002F20220907-KCM-Share.jpg","2022-09-07T10:00:39Z",{"cover":39,"open":40,"shareSpread":41},"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",[43,47,48,52,56,60,64,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":44,"name":45,"slug":46},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":49,"name":50,"slug":51},6,"For Sellers","sellers",{"id":53,"name":54,"slug":55},7,"Foreclosures","foreclosures",{"id":57,"name":58,"slug":59},8,"Infographics","infographics",{"id":61,"name":62,"slug":63},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]