(503) 292-8125 OWNER LOGIN | TENANT LOGIN Home Property Management Our Rentals Owners Residents Buyers Sellers About Careers Contact Blog Buyer Resources Information for First Time Buyers You are in the midst of a buyers' market, there hasn't been a better time to buy in years! Mortgage rates are low, sellers are motivated, owning a home is a great investment in your future, and can lead to many, many years of happy memories. So why wait? It is a great time to buy! Benefits of Ownership Owning a home is the American dream. A home not only provides financial benefits but it also provides shelter and security to families. Did you know that: Home owners move less often and are more likely to vote and volunteer time for political and charitable causes than renters? Children of homeowners tend to perform better in school and attain higher levels of education than children of parents who do not own a home? Dollar for dollar, the rate of return on an individual's cash down payment on a house is substantial? Given the leverage in purchasing a home, the average return on a 5% down payment over 10 years is usually three to five times greater than stock market returns? When you own a home you may be able to deduct the property taxes and mortgage interest from your income taxes? In most cases the gains that you make when you sell your primary residence are tax free? Mortgages are at Historically Low Rates For buyers who qualify, mortgage rates are near historical lows, less than 5% currently. According to data provided by Freddie Mac, rates averaged 8.9% during the past 40 years. Go to www.FreddieMac.com and view the Primary Mortgage Market Survey® for more information on the latest rates. In addition, low interest rates, coupled with recent price declines, give people looking to upgrade a unique opportunity to take advantage of market conditions. The Value of Your Investment Real estate is a long-term investment. Home values could fall in some years, though, on average over the past 40 years, the median price of existing homes has increased about 6% every year. However, this is a national average and local markets vary widely. Thanks to the power of leverage, a homeowner's return on investment is even more impressive over time. Visit www.HouseLogic.com/buyandsell to learn more. Home Ownership is an Investment in Your Future Home ownership is how many American families begin to accumulate wealth. Using the latest figures from the Federal Reserve Board's Survey of Consumer Finances, NAR estimates that in 2010, a typical homeowner's net worth is 40 times that of a renter's. Downloadable Resources Why It's a Great Time to Buy Why Rent When You Can Buy Why It Pays to Work With A REALTOR® What is Escrow? What Happens in Escrow? What's In A Title Search? Keys To A Successful Closing Guide to Customary Closing Costs Moving With Children Have a Question? Jim McNeeley Real Estate and Property Management, Inc. 1519 SW Marlow Avenue Portland, OR 97225 Ph: (503) 292-8125 Fax: (503) 292-4597 info@mcneeley.com OWNER LOGIN | TENANT LOGIN Copyright © 2021 Jim McNeeley Real Estate and Property Management, Inc. All Rights Reserved. Property Manager Website powered by PMW | Site Map Portland Property Management | Portland Homes for Rent | Cities Served