Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).
Ah, to be a first-time home buyer again: How easy it was to buy a home when you weren’t carrying another mortgage on your back!
If you’re looking to graduate from first-timer to repeat buyer, you know things are about to get much trickier. Unless you’re a bona fide house collector, you’ll have to sell your home in order to buy anew—adding a whole separate layer of anxiety to what you already know is a stressful home-buying process.
Buying and selling a home at the same time can be more than a little stressful. Save your sanity during the process with these tips.
Good news! Portland’s real estate market is brawnier than ever, with nearly 10,000 home sales in 2014 and a median price of $305,000—a rip-roaring 9 percent spike (or $25K) from the year before.
As a guide to this wild scene, we once again ran the numbers on home sales, demographics, transportation, and crime for Portland’s neighborhoods and suburbs. This year, we include new stats on livability and urban migration. (Boise has the biggest share of bike commuters, and 8 percent of today’s Portlanders lived in another state or different Oregon county just last year.)
Whether you’re a first-time buyer, looking for a bigger place, downsizing, or renting, Portland has a hood to make you happy. Just ask the city’s very busy real estate agents—like we did. Here’s where they choose to live, and where they’d bet on Portland’s long-term growth.