[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1eas1qngpfcon":3,"$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},15376,"owning-your-home-helps-you-build-wealth","Owning Your Home Helps You Build Wealth","\u003Cp>You may have heard some people say it’s better to rent than buy a home right now.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230718\u002F20230720-Owning-your-home-helps-you-build-wealth.jpg","\u003Cp>You may have heard some people say it’s better to rent than \u003Ca href=\"\u002F2023\u002F07\u002F11\u002Fmomentum-is-building-for-new-home-construction\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy\u003C\u002Fa> a home right now. But, even today, there are lots of \u003Ca href=\"\u002F2023\u002F06\u002F02\u002Freasons-to-own-your-home-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">good reasons\u003C\u002Fa> to become a homeowner. One of them is that owning a home is typically viewed as a good \u003Ca href=\"\u002F2023\u002F06\u002F06\u002Freal-estate-is-still-considered-the-best-long-term-investment-1\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">long-term investment\u003C\u002Fa> that helps your net worth \u003Ca href=\"\u002F2023\u002F06\u002F16\u002Fhow-owning-a-home-grows-your-wealth-with-time-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">grow\u003C\u002Fa> over time.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Homeownership Builds Wealth Regardless of Income Level\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>You may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from \u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Feconomics\u002Fhomeownership-remains-strongly-linked-to-wealth-building\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>First American\u003C\u002Fem>\u003C\u002Fa> helps illustrate this point (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"\u002Fcontent\u002Fimages\u002F20230718\u002F20230720-Homeowners-Build-Wealth-Across-Incomes.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230718\u002F20230720-Homeowners-Build-Wealth-Across-Incomes.png\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>What makes wealth so much higher for homeowners? A recent article from \u003Cem>Realtor.com\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fadvice\u002Ffinance\u002Feveryones-talking-about-home-equity-heres-what-yours-means-in-todays-market\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">says\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Homeownership has long been tied to building wealth—and for good reason. Instead of throwing rent money out the window each month, \u003C\u002Fem>\u003Cstrong>\u003Cem>owning a home allows you to build home equity\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>. And over time, equity can turn your mortgage debt into a sizeable asset.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>Basically, the wealth you accumulate when you own a home has a lot to do with equity. As a homeowner, equity is built up as you pay down your loan and as home \u003Ca href=\"\u002F2023\u002F06\u002F27\u002Fwhy-homeownership-wins-in-the-long-run\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">prices appreciate\u003C\u002Fa> over time. Mark Fleming, Chief Economist at \u003Cem>First American,\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Feconomics\u002Fthe-reconomy-podcast-why-it-matters-that-millennials-have-closed-the-homeownership-gap\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa> how this same benefit isn’t true for renters in a recent podcast:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Renters as non-homeowners gain no wealth benefit as home prices rise. That wealth actually accrues to the landlord.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>Before you \u003Ca href=\"\u002F2023\u002F06\u002F15\u002Fwhy-buying-or-selling-a-home-helps-the-economy-and-your-community\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">decide\u003C\u002Fa> to sign another rental agreement, now is a good time to \u003Ca href=\"\u002F2023\u002F07\u002F03\u002Fevaluating-your-wants-and-needs-as-a-homebuyer-matters-more-today\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">think\u003C\u002Fa> about whether it would be better for you to \u003Ca href=\"\u002F2023\u002F07\u002F05\u002Ftwo-questions-to-ask-yourself-if-youre-considering-buying-a-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy a home\u003C\u002Fa> instead. The best way to figure out what makes sense for you is to have a conversation with a real estate expert you trust. That professional can talk you through the benefits that come with owning to determine if that’s the right next \u003Ca href=\"\u002F2023\u002F06\u002F22\u002Fwhat-homebuyers-need-to-know-about-credit-scores\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">step\u003C\u002Fa> for you. \u003C\u002Fp>","\u003Cp>If you're not sure whether to keep renting or to \u003Ca href=\"\u002F2023\u002F07\u002F04\u002Famericans-still-view-homeownership-as-the-american-dream\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy a home\u003C\u002Fa>, know that owning a home, no matter how much money you make, can help build your wealth. Let's connect now to get \u003Ca href=\"\u002F2023\u002F06\u002F19\u002Fsaving-for-a-down-payment-heres-what-you-need-to-know\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">started\u003C\u002Fa> on the path to homeownership.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230718\u002F20230720-Homeowners-Build-Wealth-Across-Incomes.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","2023-07-20T10:30:00Z","2023-07-20T10:30:55Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},15375,"explaining-todays-mortgage-rates","Explaining Today’s Mortgage Rates","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230717\u002F20230719-Explaining-Todays-Mortgage-Rates.jpg","2023-07-19T10:30:00Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},15386,"real-estate-continues-to-be-the-best-investment-infographic","Real Estate Continues To Be the Best Investment [INFOGRAPHIC]","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230720\u002FReal-Estate-Continues-To-Be-the-Best-Investment-KCM-Share.png","2023-07-21T10:30:00Z",{"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"]