[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2a443trooq0zl":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"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":25,"updatedAt":26},15631,"growing-your-net-worth-with-homeownership","Growing Your Net Worth with Homeownership","\u003Cp>Take a moment to imagine where you want to be in a few years.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20231011\u002F20231012-Growing-Your-Net-Worth-with-Homeownership.png","\u003Cp>Take a moment to imagine where you want to be in a few years. You might be thinking about your job, money, wanting more stability, or goals you want to reach soon. Is \u003Ca href=\"\u002F2023\u002F09\u002F21\u002Fthe-many-non-financial-benefits-of-homeownership\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">homeownership\u003C\u002Fa> a part of that vision? If it is, you should know owning a home has a whole lot of financial benefits.\u003C\u002Fp>\u003Cp>One of the many reasons to \u003Ca href=\"\u002F2023\u002F10\u002F06\u002Fhow-homeowner-net-worth-grows-with-time-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy a home\u003C\u002Fa> is that it’s a great way to build wealth and gain financial stability. That’s because the value of most homes increases over time, which in turn grows your \u003Ca href=\"\u002F2023\u002F10\u002F02\u002Funpacking-the-long-term-benefits-of-homeownership\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">net worth\u003C\u002Fa>. Here’s how home values are rising right now. \u003Ca href=\"https:\u002F\u002Fzillow.mediaroom.com\u002F2023-09-26-U-S-housing-value-has-surged,-gaining-more-than-2-6-trillion-in-the-past-year\" rel=\"noopener noreferrer\" target=\"_blank\">According\u003C\u002Fa> to \u003Cem>Zillow\u003C\u002Fem>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“The total value of the U.S. housing market – the sum of Zillow’s estimated value for every U.S. home – is now slightly less than $52 trillion, \u003C\u002Fem>\u003Cstrong>\u003Cem>which is $1.1 trillion higher than the previous peak reached last June\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>Basically, homeownership is a tremendous wealth-building tool. And with home values back \u003Ca href=\"\u002F2023\u002F10\u002F03\u002Fhome-prices-are-not-falling\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">on the rise\u003C\u002Fa> across the nation, now might be a good time to consider if \u003Ca href=\"\u002F2023\u002F10\u002F04\u002Funderstanding-the-benefits-of-owning-your-first-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">owning a home\u003C\u002Fa> is something you want to reach for.\u003C\u002Fp>\u003Cp>Here’s a look at some data to see how much owning a home can really make a difference in your life.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Household Net Worth Is Rising \u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Ca href=\"https:\u002F\u002Ftwitter.com\u002FDianeSwonk\u002Fstatus\u002F1706663509331718197\" rel=\"noopener noreferrer\" target=\"_blank\">Data\u003C\u002Fa> shows that while those in the top 1% saw the most dramatic net worth increase, people from every single tax bracket have seen their wealth grow over the past few years (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp> \u003Ca href=\"\u002Fcontent\u002Fimages\u002F20231011\u002F20231012-Household-Net-Worth-Up-Dramatically.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20231011\u002F20231012-Household-Net-Worth-Up-Dramatically.png\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>For many of those people, the \u003Ca href=\"\u002F2023\u002F09\u002F12\u002Fwhat-experts-project-for-home-prices-over-the-next-5-years\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">rising value\u003C\u002Fa> of their home plays a big part in that.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Owning a Home Helps You Achieve Financial Success\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>You can tell homeownership had a lot to do with that growth because there’s a significant net worth gap between homeowners and renters. As Lawrence Yun, Chief Economist at the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fmagazine\u002Freal-estate-news\u002Fstudy-homeowner-wealth-is-40-times-higher-than-renters\" rel=\"noopener noreferrer\" target=\"_blank\">says\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote> \u003Cem>“. . . homeownership is a catalyst for building wealth for people from all walks of life. A monthly mortgage payment is often considered a forced savings account that \u003C\u002Fem>\u003Cstrong>\u003Cem>helps homeowners build a net worth about 40 times higher than that of a renter\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>The big reason why? Homeowner’s \u003Ca href=\"\u002F2023\u002F09\u002F08\u002Fhome-price-forecasts-revised-for-2023-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">build equity\u003C\u002Fa>. Home equity is the value of your home minus the amount you owe on your mortgage. And for most homeowners, that’s the largest contributor to their net worth. Here’s the \u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Feconomics\u002Fhomeownership-remains-strongly-linked-to-wealth-building\" rel=\"noopener noreferrer\" target=\"_blank\">data\u003C\u002Fa> from \u003Cem>First American\u003C\u002Fem> to prove it (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"\u002Fcontent\u002Fimages\u002F20231011\u002F20231012-Housing-Piece-of-Net-Worth-Is-Crucial-.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20231011\u002F20231012-Housing-Piece-of-Net-Worth-Is-Crucial-.png\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>The blue portion of each bar represents housing as a portion of net worth – and it’s clearly a bigger contributor than other investments like stocks, gold, and cryptocurrencies. As you can see, across different income levels, homeownership does more to build the average household’s wealth than anything else.\u003C\u002Fp>","\u003Cp>One of the biggest benefits of owning a home is that it can provide an avenue to grow your net worth. Let’s connect so you can \u003Ca href=\"\u002F2023\u002F09\u002F25\u002Fbeginning-with-pre-approval\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">start\u003C\u002Fa> investing in homeownership.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20231011\u002F20231012-Household-Net-Worth-Up-Dramatically.png",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},53,"Rent vs. Buy","rent-vs-buy","2023-10-12T10:30:00Z","2023-10-12T10:30:23Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},15600,"the-latest-expert-forecasts-for-home-prices-in-2023","The Latest Expert Forecasts for Home Prices in 2023","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20231005\u002F20231011-The-Latest-Expert-Forecasts-for-Home-Prices-in-2023.png","2023-10-11T10:30:00Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},15637,"the-difference-between-renting-and-buying-a-home-infographic","The Difference Between Renting and Buying a Home [INFOGRAPHIC]","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20231012\u002FThe-Difference-Between-Renting-And-Buying-A-Home-KCM-Share.png","2023-10-13T10:30:00Z",{"cover":40,"open":41,"shareSpread":42},"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",[44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":66,"name":67,"slug":68},11,"First-Time Buyers","first-time-buyers",{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":22,"name":23,"slug":24},{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]