June 2022 Newsletter

Dated: June 9 2022

Views: 34

Featured Property 

6 N Allen Avenue 
Richmond, VA 23220
3 Bedrooms, 1.5 Baths, 1,360 Sq. Ft.

Featured Property

Walking distance to eating, museums, shopping, and VCU, an end unit gets lot of light with an open kitchen/dining room layout contrasting the beautiful original hardwood floors throughout and gas fireplace in the living room, speaks to the versatility of the property. Gas cooking and all kitchen appliances that convey, checks all the boxes for most people and makes this home move in or rental ready. 

Recently Sold! 

We're always happy to help our clients find the home of their dreams!
Here are our some of our recently sold listings!
Great work to our committed Clocktower Realty Group agents!

Recently Sold!

Clocktower by the Numbers

  • Number of homes listed in May: 19
  • Number of homes pended in May: 36
  • Number of homes sold in May: 36
  • Number of Clocktower agents: 69 

How Homeownership Impacts You 

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. 

The Emotional Benefits of Homeownership: Because it’s a place that’s uniquely yours, owning a home can give you a sense of pride and happiness in several ways. 

Your Home Can Reflect Your Tastes and Personality- Investopedia puts it like this: “One often cited benefit of homeownership is the knowledge that you own your little corner of the world.” That knowledge can lead to a powerful, emotional connection to the place where you live. But so can the realization that your home will grow with you. Because it’s yours, you have the freedom to make updates to it as your needs and tastes change. As Logan Mohtashami, Lead Analyst for HousingWire, says: “The psychology is that this is yours and you’re going to make it as good as possible because you’re in for a long time, . . . “And that can create a greater sense of ownership, pride, and connection with your home and your community. 

It Can Enhance Your Neighborhood and Civic Engagement- Homeownership can lead you to get even more involved with your local area. After all, you’re putting your roots down in a location and will want to do what you can to help improve it, much like your home. In a recent report, the National Association of Realtors (NAR) says: “Living in one place for a longer amount of time creates and [sic] obvious sense of community pride, which may lead to more investment in said community.” 

The Financial Benefits of Homeownership: When you choose to become a homeowner, you’re making a financial decision as well. That’s because your home is also an investment. 

It Can Help You Feel Financially Stable-Homeownership is truly one of the best ways to improve your long-term financial position. Not only will you have a predictable monthly housing expense that can benefit your budget in the short term, but you’ll also gain equity as your home appreciates in value and you make your monthly mortgage payment. As Freddie Mac says: “Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.” 

It Can Grow Your Wealth- Because of your growing equity, you can build your net worth as a homeowner. And when you compare the difference in net worth between a renter and a homeowner, it’s clear that owning a home truly offers a great way to build your long-term financial position. According to the latest data from NAR, the median household net worth of a homeowner is roughly $300,000, while the median net worth of renters is only about $8,000. That means a homeowner’s net worth is nearly 40 times that of a renter. 

Bottom Line- Homeownership is truly a way to find greater satisfaction and happiness and to build financial freedom. If National Homeownership Month has you dreaming about purchasing a home, contact a Clocktower Realty Group real estate professional to begin the process today. Source: KCMBlog

Richmond's Northside Farmers Market 

north side food access

The Northside Farmers Market premiers on June 16, 2022 and will run it's inaugural season until November 2022. The market will operate Thursdays from 4:30 - 7pm and Saturdays from 9am - 1pm at 201 E Brookland Park Blvd, Richmond, VA 23222 (located behind Richmond Community High School). For more information and to join the CSAprogram, visit: 


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