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Household Formations Projected to Surge!

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By KCM Crew


Harvard: 5 Financial Reasons to Buy a Home

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By: The KCM Crew

Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. This year he released a new paper on homeownership - The Dream Lives On: the Future of Homeownership in America. In his paper, Belsky reveals five financial reasons people should consider buying a home.

Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available. 
“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyer…

Move In Ready Home for Sale in Colorado Springs

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Move in ready bi-level home for sale in Colorado Springs located on a quiet cul-de-sac boasts 3 bedrooms, 3 bathrooms, 2 car garage and 2,026 square feet. Click Here to tour this Home for Sale in Colorado Springs. This home includes a spacious living room with a cozy fireplace and is open to the dining room and kitchen. The perfectly appointed kitchen features ample cabinet and counter space, all appliances included and walk out to a deck. The upper level master bedroom has an attached private master bathroom and there are 2 spacious secondary bedrooms and a full bathroom that complete the upper level. The finished lower level has a large recreation area, cozy fireplace and bathroom. Enjoy beautiful Pikes Peak views from your large deck in your private backyard with mature trees. This home for sale in Colorado Springs is located in a great area with easy access to shopping, dining, parks, schools, walking trails and more!