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: http://bit.ly/1Sn0Yho