June Residential Highlights The Portland metro area saw some cooler activity this June, but closed sales saw a gain over last month. At 2,946, closed sales slipped 7.6% below the 3,187 closings
84 Percent Of Americans Believe Buying A Home Is A Good Financial Decision
According to the National Association of RealtorsÂ®â€™ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 â€“ before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:
Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord
Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire
Homeownership is an investment opportunity that builds long-term wealth and increases net worth
Homeownership means a stable and predictable monthly mortgage payment
Homeownership allows for various deductions on federal, state, and local income taxes
The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.
Homeownership has always been and still is a crucial part of the American Dream.
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Portland Oregon Experiences 3% Yearly Increase in Median RentPortland Rents continue to rise. This latest chart shows the median rent in the Portland region. Two and three bedrooms rose 3.1% and 3%