{"id":4646,"date":"2023-02-27T12:30:47","date_gmt":"2023-02-27T12:30:47","guid":{"rendered":"https:\/\/twolakeshomes.com\/one-major-benefit-of-investing-in-a-home\/"},"modified":"2023-02-27T12:30:47","modified_gmt":"2023-02-27T12:30:47","slug":"one-major-benefit-of-investing-in-a-home","status":"publish","type":"post","link":"https:\/\/twolakeshomes.com\/2023\/02\/one-major-benefit-of-investing-in-a-home\/","title":{"rendered":"One Major Benefit of Investing in a Home"},"content":{"rendered":"<p>One of the many reasons to buy a home is that it\u2019s a major way to <a href=\"https:\/\/www.simplifyingthemarket.com\/2023\/01\/27\/homeownership-builds-your-wealth-over-time-infographic\/?a=787864-ed24381947a3515f20353048b5b6ba6e\" target=\"_blank\" rel=\"noopener\">build wealth<\/a> and gain financial stability. According to <a href=\"https:\/\/myhome.freddiemac.com\/owning\/equity-and-appreciation.html\" target=\"_blank\" rel=\"noopener\"><em>Freddie Mac<\/em><\/a>:<!--more--><\/p>\n\n<p><em>\u201cBuilding equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.\u201d<\/em><\/p>\n<p>With spring approaching, now\u2019s a great time to consider if <a href=\"https:\/\/www.simplifyingthemarket.com\/2023\/02\/23\/how-to-make-your-dream-of-homeownership-a-reality\/?a=787864-ed24381947a3515f20353048b5b6ba6e\" target=\"_blank\" rel=\"noopener\">buying a home<\/a> makes sense for you. The best way to figure that out is to talk with a trusted real estate professional.<\/p>\n\n<h4><strong>The Largest Part of Most Homeowners\u2019 Net Worth Is Their Equity<\/strong><\/h4>\n<p>You may be surprised to learn just how much of a homeowner\u2019s net worth actually comes from owning their home. The <em>National Association of Realtors<\/em> (NAR)\u00a0<a href=\"https:\/\/www.nar.realtor\/blogs\/economists-outlook\/single-family-homeowners-typically-accumulated-225K-in-housing-wealth-over-10-years\" target=\"_blank\" rel=\"noopener\">shares<\/a>:<\/p>\n\n<p><em>\u201c<strong>Homeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets held by families.<\/strong> Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.\u201d<\/em><\/p>\n<p>In other words, home equity does more to build the average household\u2019s wealth than anything else. And according to data from <a href=\"https:\/\/blog.firstam.com\/economics\/homeownership-remains-strongly-linked-to-wealth-building\" target=\"_blank\" rel=\"noopener\"><em>First American<\/em><\/a>, this holds true across different income levels (<em>see graph below<\/em>):<\/p>\n\n<p><a href=\"https:\/\/api.simplifyingthemarket.com\/wp-content\/uploads\/2023\/02\/housing-piece-of-net-worth-is-crucial-MEM.png\" target=\"_blank\" rel=\"noopener\"><\/a><\/p>\n\n<h3>Bottom Line<\/h3>\n<p>\nOne of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. Let\u2019s connect today so you can start investing in homeownership.<\/p>","protected":false},"excerpt":{"rendered":"<p>One of the many reasons to buy a home is that it\u2019s a major way to build wealth and gain financial stability. According to Freddie Mac:<\/p>\n","protected":false},"author":0,"featured_media":4647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/posts\/4646"}],"collection":[{"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/comments?post=4646"}],"version-history":[{"count":0,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/posts\/4646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/media\/4647"}],"wp:attachment":[{"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/media?parent=4646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/categories?post=4646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/tags?post=4646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}