Renting vs. Buying: A Note from RISMedia

RISMedia and RealtyTrac notes that buying remains more affordable than renting in more than half of housing markets.  Home prices are appreciating while wages remain the same - does this sound familiar?  

Portland is going through a resurgence especially when it comes to rent.  Average wage earners will need to pay 37% of rent while if you bought just 38% of your income would go towards your mortgage and housing costs (PMI, interest, etc).  

Think about this when you go to sign another lease.  Wage your options.  According to RealtyTrac, a 3 bedroom home will increase 3.5% in 2016.  For more info, watch here: