Comparing the first three months of 2023 to the same period in 2022, new listings (6,389) decreased 25.0%, pending sales (5,358) decreased 29.8%, and closed sales (4,340) decreased 33.9%. Below are some benefits of owning real estate.

Thinking about buying or selling real estate? 

#BetterCallADeWald 503.545.4945

There are several benefits of owning real estate, including:

1. Appreciation: Real estate tends to appreciate in value over time, especially if it is located in a desirable area or if you make improvements to the property.
2. Cash flow: If you own a rental property, you can generate monthly income through rent payments.
3. Tax benefits: You can deduct mortgage interest, property taxes, and other expenses related to owning real estate on your tax returns, which can help lower your overall tax liability.
4. Control: When you own real estate, you have more control over the property than you would if you were renting. You can make changes to the property or use it as you see fit, within the limits of local zoning and other regulations.
5. Diversification: Real estate can be a good way to diversify your investment portfolio, since it tends to perform differently than other asset classes, such as stocks or bonds.
6. Inflation hedge: Real estate can provide a hedge against inflation since rents and property values tend to rise over time as the cost of living increases.
7. Legacy: Real estate can be a valuable asset to pass down to future generations, providing a source of income and financial security for your heirs.

#JDPDXRealEstate #homebuyer #homeowner #realtor #realestate