Homeowners turn to renting as prices remain low

| Print |  Email
Must Reads
Monday, April 09, 2012

As Portland-area home prices remain near their lowest point since 2005, many homeowners are renting out their old houses instead of selling.

And to be sure, it's a better time to be a landlord than to be selling a home. With the Portland-area rental vacancy near zero (the Census Bureau put it at 2.9 percent at the end of last year compared with 9.4 percent nationwide) rents are on the rise, and it's not difficult to get a tenant in place. 
The Rental Housing Association of Greater Portland, which mostly represents small-scale landlords, says sales of its starter kits for first-time rental owners have grown 60 percent since 2007. It increased the number of landlord classes it holds, and the classes are still full.

Read more at OregonLive.com.

{biztweet}rent portland{/biztweet}

 

 

More Articles

Queen of Resilience

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Astrid Scholz scales up sustainability.


Read more...

Frothy Battle

June 2015
Friday, May 22, 2015
BY ROBERT MULLIN

Latest development in Nestlé plant saga sparks debate about the value of water.


Read more...

Nine lives

Linda Baker
Friday, May 22, 2015
0f4f7bfBY LINDA BAKER | EDITOR

Roy Kaufmann always lands on his feet.


Read more...

6 key things to know about summer baseball in Oregon

The Latest
Friday, June 05, 2015
basedthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.


Read more...

No Boundaries

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Floor plans embrace the great wide open.


Read more...

Destination Resorts 2.0

June 2015
Friday, May 22, 2015
BY LINDA BAKER | PHOTOS BY JASON E. KAPLAN

As the recession recedes and tourism grows, Central Oregon resorts redefine themselves for a new generation.


Read more...

The Green Paradox

June 2015
Friday, May 22, 2015
BY EMILY LIEDEL

Inside the topsy-turvy world of corporate sustainability rankings.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS