Resolve to keep your family and home healthy in 2019

Did your 2019 resolutions include getting healthy—physically and financially?  Fix-It Fairs are FREE City of Portland events designed to help you reach those goals. The events occur between November and February at various locations around Portland, 9:30AM - 2:30PM. Ongoing exhibits and hourly workshops cover topics such as: Water and energy savings Safe and healthy home … Continue reading Resolve to keep your family and home healthy in 2019

What is a reverse mortgage?

reverse mortgage

A reverse mortgage** is a strictly regulated and insured Federal Housing Administration (FHA) loan specifically designed for seniors. A reverse mortgage allows homeowners who are at least 62 or older to access the equity in their home. Unlike a traditional mortgage or home equity loan, a reverse mortgage does not have to be repaid until … Continue reading What is a reverse mortgage?

Short-Term vs. Long-Term Interest Rates

The Federal Open Market Committee (FOMC) meets eight times per year to determine increases and decreases in the target Federal Funds Rate. The current target is 1.75% to 2.00%. The FOMC regulates this rate by controlling the amount of currency available in the US economy. The more money available in the marketplace, the faster the … Continue reading Short-Term vs. Long-Term Interest Rates

Are we in a housing bubble?

Market conditions suggest that Portland is better positioned than other major cities on the West Coast. As you can see, Portland is still the least expensive major market on the West Coast. And the Home Affordability Index (HAI)—calculated by the National Association of Realtors (NAR)— is also lower than any city besides Sacramento. A value … Continue reading Are we in a housing bubble?

The Financial Benefits of Homeownership

Homeownership provides financial benefit in four areas: Monthly cost difference between renting and owning Appreciation in home value Equity growth over time as loan balance is paid down Tax benefit from the deductibility of mortgage interest The information below is based on historical data for the Portland Metro Area and assumes a 4% appreciation rate, … Continue reading The Financial Benefits of Homeownership

Four Reasons to Buy Investment Real Estate

Tax Benefits* There are limited tax benefits for middle-class Americans. Rental real estate has two tax benefits that can provide tax-free income to investment property owners and a tax-free windfall to heirs. Owners can depreciate residential rentals over 27.5 years. The depreciation can be used to offset rental income; meaning owners can receive rent from … Continue reading Four Reasons to Buy Investment Real Estate

Is an Accessory Dwelling Unit (ADU) Right for You?

Accessory Dwelling Units (ADUs) are also known as: Ohana Unit (Hawaii) Granny Flat Mother-in-Law Unit In-Law Suite Grand Retreat Homeowners Build ADUs for Many Reasons: Long-term rental: supplemental rental income Short-term rental: Airbnb and VRBO short-term rentals can generate much higher rent than monthly rentals, but require more time to manage Age in Place: Elderly … Continue reading Is an Accessory Dwelling Unit (ADU) Right for You?