Archive for December, 2014

Merry Christmas from Castle Rock

Merry Christmas from Castle Rock!

The spirit of Christmas should not be just for one day but for the whole year! Wishing you and your family love, joy and peace the whole year round.

Scott, Sarah, Brennen & Ryne

Homeownership and Wealth Creation

The New York Times recently published an article about the benefits of homeownership in the creation of wealth … here’s a snipit and click the link below to read the full article!

Since the housing bust, renting has been in and owning a home has been out, especially among young adults who in earlier decades would have been first-time home buyers. As the rate of homeownership has declined, from a peak of nearly 70 percent in 2004 to a 20-year low of 64.3 percent recently, the number of owner-occupied homes has barely budged, while the number occupied by renters has increased by nearly 25 percent.

Those trends have led to questions about the future of homeownership. Would more and longer rentals be a bad thing? Are the benefits of homeownership overrated? The answer to the first question is yes; the answer to the second is no.

Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the housing bust, the net worth of homeowners over time has significantly outpaced that of renters, who tend as a group to accumulate little if any wealth.

 

Homeownership and Wealth Creation

2 Reasons to Buy not Rent

Two Great Reasons to Buy not Rent

Are You the Typical First Time Homebuyer?

Do You Fit the Description of the Typical First Time Homebuyer?