Buying Remains Cheaper Than Renting in Portland MetroBuying Remains Cheaper Than Renting in Portland MetroAugust 18th, 2018The latest Rent vs. Buy Report from Trulia shows that homeownership is
Homeownership Is Important In Oregon And Across The Country
Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:
“Owning a home remains a core element of the American Dream.”
When asked “How important a part of the American dream is owning a home?”
18% of those surveyed said it was the most important part
53% of those surveyed said it was very important
22% of those surveyed said it was somewhat important
Homeownership and Financial Stability
The survey also revealed that 81% of Americans believe that owning a home leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:
“After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.
More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rentstoward the relative stability of a monthly mortgage payment instead.” (emphasis added)
Owning a home always has been, and always will be, a crucial part of attaining the American Dream.
Latest Blog Posts
Coming Soon Listing in Hillsboro - MLS # 183986562 Masters, both with beautiful bathroom suites. Set-up for multi-generational. New flooring throughout, new paint. This is a gorgeous move-in
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