Even with the improvement to the housing market, Americans are more willing to rent than they are to own currently.
Portland, Oregon residents are still looking in to owning a home, but the current idea of renting has made them very infatuated with the idea instead. 57% of American’s do believe that “buying has become less appealing,” and 54% are now becoming convinced that “renting has become more appealing” than it ever was previously.
Also, 45% of home owners, nearly half of all owners, believe that they will be renting some time in the near future.
Even with the recent news that the Portland housing market is reaching record highs in the past six years, approximately 8 in 10 residents still believe that the United States is in the midst of the crisis. “The effects of the housing crisis, combined with longer-term lifestyle changes, seem to have created a more realistic view of the risks and benefits of home ownership”, Rebecca Naser, a vice president at Hart Research, said in a conference call about the findings.
It is now shown that approximately two-thirds of the country believes that housing should be split between renting and owning.
It is also noted that 61% of Portland home owners believe that renters can still live the American dream as well as they could owning a home.
Are you now pro renting or pro owning? Has the recent turn of events changed your mind?
If you are noticing that the housing market is on the rise in Portland, then you are not alone. With more homes going fast, it is noticeable that residents here are looking to buy homes in Oregon. Alone, we have had multiple Oregon home listings in these previous months and are looking at gathering even more in the next few days! If you want your home to be listed and sold by a 5 Star Oregon realtor from 2011-2013, then look no further! Contact me today and get the most money for you home in Oregon!
The city of Portland is still selling homes for less than they were worth in 2007. Even though they are increasing in price, it is a buyers and sellers market in Portland.