{"id":8503,"date":"2023-02-27T06:30:15","date_gmt":"2023-02-27T11:30:15","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8503"},"modified":"2023-02-27T06:30:15","modified_gmt":"2023-02-27T11:30:15","slug":"one-major-benefit-of-investing-in-a-home","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8503","title":{"rendered":"One Major Benefit of Investing in a Home"},"content":{"rendered":"<div><img decoding=\"async\" width=\"358\" src=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2023\/02\/one-major-benefit-of-investing-in-a-home-KCM.jpg\" alt=\"One Major Benefit of Investing in a Home Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear: both; max-width: 100%;\"><\/p>\n<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=616460-ab6caa3a6a8f085fc17c865a33a506b4\">build wealth<\/a> and gain financial stability. According to <a href=\"https:\/\/myhome.freddiemac.com\/owning\/equity-and-appreciation.html\"><em>Freddie Mac<\/em><\/a>:<!--more--><\/p>\n<\/p>\n<blockquote><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><\/blockquote>\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=616460-ab6caa3a6a8f085fc17c865a33a506b4\">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<\/p>\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\">shares<\/a>:<\/p>\n<\/p>\n<blockquote><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><\/blockquote>\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\"><em>First American<\/em><\/a>, this holds true across different income levels (<em>see graph below<\/em>):<\/p>\n<\/p>\n<p><a href=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2023\/02\/housing-piece-of-net-worth-is-crucial-MEM.png\" data-rel=\"lightbox-image-0\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-48864\" src=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2023\/02\/housing-piece-of-net-worth-is-crucial-MEM.png\" alt=\"One Major Benefit of Investing in a Home | Simplifying The Market\" width=\"650\" height=\"488\"><\/a><\/p>\n<\/p>\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>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" width=\"358\" src=\"https:\/\/api.simplifyingthemarket.com\/wp-content\/uploads\/2023\/02\/one-major-benefit-of-investing-in-a-home-KCM.jpg\" alt=\"One Major Benefit of Investing in a Home Simplifying The Market\" loading=\"lazy\" style=\"display: block;margin-bottom: 5px;clear: both;max-width: 100%\">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=616460-ab6caa3a6a8f085fc17c865a33a506b4\">build wealth<\/a> and gain financial stability. According to <a href=\"https:\/\/myhome.freddiemac.com\/owning\/equity-and-appreciation.html\"><em>Freddie Mac<\/em><\/a>:<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,88,84,86,89],"tags":[],"class_list":["post-8503","post","type-post","status-publish","format-standard","hentry","category-blog","category-first-time-home-buyers","category-for-buyers","category-housing-market-updates","category-move-up-buyers"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8503"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8503\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}