{"id":1258,"date":"2024-01-16T18:17:19","date_gmt":"2024-01-16T18:17:19","guid":{"rendered":"https:\/\/johnsonteamrealestate.com\/?p=1258"},"modified":"2024-01-18T18:19:04","modified_gmt":"2024-01-18T18:19:04","slug":"homeownership-is-still-at-the-heart-of-the-american-dream","status":"publish","type":"post","link":"https:\/\/johnsonteamrealestate.com\/index.php\/2024\/01\/16\/homeownership-is-still-at-the-heart-of-the-american-dream\/","title":{"rendered":"Homeownership Is Still at the Heart of the American Dream"},"content":{"rendered":"\n
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Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live \u2013 it offers a sense of belonging, stability, and freedom. According<\/a> to Nicole Bachaud, Senior Economist at Zillow<\/em>:<\/p>\n\n\n\n

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\u201c<\/em>The American Dream is still owning a home<\/em><\/strong>. There\u2019s a lot of pent-up demand for ownership; that isn\u2019t going to go away.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Let\u2019s explore just a few of the reasons why so many Americans continue to value homeownership. <\/p>\n\n\n\n

The Financial Benefits of Owning a Home<\/strong><\/h4>\n\n\n\n

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building<\/a> tool. That may be why Jessica Lautz, Deputy Chief and VP of Research at the National Association of Realtors<\/em> (NAR), says<\/a>:<\/p>\n\n\n\n

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\u201cHomeownership is the number one way to build wealth in America.\u201d<\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n

Over time, owning a home not only helps boost your own net worth<\/a>, but it also sets future generations up for success as you pass that wealth down. Habitat for Humanity<\/em> explains<\/a>:<\/p>\n\n\n\n

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\u201cOverall, homeownership promotes wealth building by acting as a forced savings mechanism and through home value appreciation. Homeowners make monthly payments that increase their equity in their homes by paying down the principal balance of their mortgage. . . . In addition, owning a home promotes intergenerational homeownership and wealth building. Children of homeowners transition to homeownership earlier \u2014 lengthening the period over which they can accumulate wealth . . .\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

It can also provide meaningful financial stability<\/a> compared to renting. When you buy with a fixed-rate mortgage, you can lock in your monthly housing payments for the length of your home loan.<\/p>\n\n\n\n

The Non-Financial Benefits of Homeownership<\/strong><\/h4>\n\n\n\n

But, owning a home offers more than just financial benefits<\/a>\u2014it benefits you socially and emotionally<\/a> too. Your home<\/a> provides feelings of achievement, responsibility, and more. In a recent survey, Fannie Mae<\/em> outlines<\/a> just a few of these more emotionally-driven benefits, including:<\/p>\n\n\n\n

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\u201cThe top three were having control over what you do with your living space (94%) to having a sense of privacy and security (91%) and having a good place for your family or to raise your children (90%) . . .\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

What Does That Mean for You?<\/strong><\/h4>\n\n\n\n

If your idea of the American Dream<\/a> involves greater freedom, security, and prosperity, homeownership could be a key player in bringing that dream to life. And with mortgage rates<\/a> now on a downward trend, it might be a good time for you to consider making a move.<\/p>\n\n\n\n

If you\u2019re ready and able to buy, know that there are incredible benefits waiting at the end of your journey. You’ll gain more than just a home \u2013 it’s a place to grow your wealth and call your very own. Like Ksenia Potapov, Economist at First American<\/em> says<\/a>:<\/p>\n\n\n\n

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\u201c…homeownership remains an important driver of wealth accumulation and the largest source of total wealth among most households.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Bottom Line<\/h3>\n\n\n\n

Buying a home is a powerful decision and the cornerstone of the American Dream. If finding a place to call your own is part of your\u00a0dream<\/a>\u00a0for this year, let\u2019s connect to start the process today. Contact Johnson Team Real Estate at 360.303.2734 or email Info@JohnsonTeamRealEstate.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live \u2013 it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow: \u201cThe American Dream is still owning a home. There\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1258","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"entry"},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"fawn","author_link":"https:\/\/johnsonteamrealestate.com\/index.php\/author\/fawn\/"},"_links":{"self":[{"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/1258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=1258"}],"version-history":[{"count":1,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/1258\/revisions"}],"predecessor-version":[{"id":1259,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/1258\/revisions\/1259"}],"wp:attachment":[{"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=1258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=1258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=1258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}