HFO Multifamily Marketwatch: Recent Episodes
Greg Frick
HFO's team of researchers and experts in the apartment market for Oregon and Washington review the latest news of interest to area multifamily owners and investors.
Good news today for apartment owners who have spent the last two years watching property insurance premiums climb. The market is turning. But before you relax completely, there's a new pressure point moving to umbrella liability coverage that you really need to understand. We will get into both.
Today we are looking at a development model that is getting a lot more attention in Oregon and Washington right now — public-private partnerships. And we are going to get into why they are suddenly interesting to developers who wouldn't have given them much thought three years ago.
Washington saw several significant developments this week. The Ballmer Group announced one of the largest private affordable housing commitments in state history. Puget Sound housing permits fell to their lowest level in a decade while the region experienced job losses. Washington's rent cap law completed its first full year of enforcement. The Spokane Tribe of Indians continued its major expansion into the Puget Sound multifamily market, and state agencies began adapting ahead of HUD's new federal homelessness funding priorities.
This week we are reviewing a couple of events that are important for the Multifamily Market including a proposal to convert vacant Portland storefronts into housing, leadership changes at Home Forward, a major waterfront redevelopment in Ridgefield, a lawsuit involving Apartments.com's payment platform, and two federal housing policy updates.
If you've been watching Portland's apartment market for any length of time, you've probably heard the term "inclusionary zoning" thrown around a lot. Today I want to walk you through what that program actually produced over nearly a decade, what changed, and what it means for owners and investors going forward.
Oregon's multifamily housing industry brought a unified message to Salem last week and found legislators in both parties willing to listen. Today we are covering what was discussed and what it signals for the 2027 legislative session.
Today we're talking about ADUs — accessory dwelling units. Tiny detached homes quietly appearing behind single-family houses. Suddenly ADUs are becoming one of the biggest housing policy stories in the country.
For the past several years, Portland's national image has often been dominated by stories about office vacancies, homelessness, crime concerns, tax frustration, political conflict, and downtown struggles. And yet underneath those headlines, something much more complicated — and frankly much more interesting — has been happening. Institutional capital is quietly returning to Portland.
Today we're talking about a chart that may quietly define Portland's apartment market over the next several years and almost nobody outside the industry is paying attention to it yet.
Today we're talking about a question that almost nobody in Portland housing politics seems fully comfortable asking out loud. Why does subsidized affordable housing in Portland often cost dramatically more per square foot than market-rate apartment construction?
Today we're looking at Portland's housing market through the lens of city policy, development feasibility and investor confidence.
HFO partner Greg Frick recently sat down with Portland City Councilor Eric Zimmerman, who chairs the city's Housing Committee. They talked about multifamily permitting, downtown recovery, investor confidence and what it will take to get housing production moving again.
Today we're looking at Washington state, where several recent stories point to the same challenge: the state knows it needs more housing, but production, policy and regulation are still not aligned.
Today we're breaking down Oregon's 2026 legislative session and what it means for apartment owners, developers and investors.
Today we are looking at several stories that matter for apartment owners and investors in Oregon and SW Washington.
Today we're looking at Southwest Washington, specifically Clark County and the city of Vancouver. These two areas sit within the same metro, but they are behaving very differently. Together, however, they are producing some of the strongest apartment fundamentals in the Pacific Northwest.
Today we're heading into Oregon's Mid-Valley—Corvallis and Albany—two markets that sit right next to each other but are behaving very differently right now.
Today's update is different from a typical market report. Instead of focusing on one geography, we're looking at a series of policy and capital market developments across Oregon, Washington and the federal level. Taken together, these stories point to a larger shift in how housing is being approached. It is a shift toward more regulation, more intervention, and at the same time, more urgency around supply.
Today's update is different from a typical market report. Instead of focusing on one geography, we're looking at a series of policy and capital market developments across Oregon, Washington and the federal level.
Today we're going to talk about a signal that lenders, buyers, and owners are all watching more closely: Multifamily loan delinquencies are rising, and a key measure just hit its highest level since the Global Financial Crisis. What does this mean for deals in 2026?
Today we're heading to Eugene where the University of Oregon is trying to do something that sounds simple, but never is. Build a lot more student housing, in a real neighborhood, on real blocks, under real zoning rules, with real neighbors who have strong feelings about what a "real neighborhood" should be.
Today we will be discussing a phrase that sounds like a riddle, but is turning into a real policy and finance problem for low income housing in Portland: "When vacant does not mean available".
This week we will be discussing the City of Portland's Housing Bonus Alignment Project. A code package aimed at multi-dwelling zones and commercial mixed-use zones outside the Central City.
We are going to translate what is in it, what it means for underwriting, and why it is important to developers and owners.
Final hearing is scheduled for March 12th, 2026 from 6:00 - 7: 00 PM
Welcome to Multifamily Marketwatch. Today we're bringing you highlights from our latest investor roundtable featuring four expert voices: Greg Frick on the Portland metro outlook, John W. Mitchell on the macroeconomic landscape, Matthew Dzbanek on capital markets and lending conditions, and Melissa Wall on the latest tax strategy updates impacting multifamily investors.
Today's episode is a Washington focused update. When policy, capital markets, and local zoning all move in the same season, it can either create opportunity or confusion. We break it all down and make sense of the current state of multifamily in the state of Washington.
Today's episode is a regional round-up on legislation and events affecting Oregon multifamily and also a national curveball that's showing up in leasing, staffing, and tenant behavior.
Today we're talking about Opportunity Zones. Specifically: the original program, the approaching 2026 tax moment, and the new "Opportunity Zone 2.0" era that's about to reshape the map.
Anjalie joined HFO's Greg Frick to talk about housing underproduction, why the numbers might look slightly better, and what cities and the federal government can actually do to help.
Today, we're spotlighting a conversation between Greg Frick and Iain MacKenzie, founder of the Next Portland blog. If you were tracking apartment development in Portland anytime between 2014 and 2022, you probably used his site. The good news? Next Portland is coming back!
In this HFO interview with Mark, we discuss why housing production is stalling, what's driving Oregon's population slowdown, and whether the state's new condo rules will move the needle on housing production.
This week we're tracking policy shifts, new state laws, and early signs of momentum in the multifamily market as we head into the new year.
In this episode, we're diving into an unglamorous but absolutely critical topic: plumbing systems in aging apartment stock—and how to know when you're just fixing leaks versus when it's time to fully repipe.
Our expert voice today is Matt Dorn, Senior Project Manager with Caliber Mechanical. Matt's been in the trade for about thirty years, starting as an 18-year-old apprentice and working his way up through foreman, business owner, estimator, and now division head at Caliber. His team specializes in commercial work, including a lot of new multifamily and multifamily repipes and rehabs, from simple fixture upgrades to full in-wall replacements.
Today we're talking about a topic that's getting a lot of buzz in development circles: mass timber: what it is, why capital cares, and what it could mean for your multifamily portfolio. Our guide and source today is Noel Johnson from the Bates Center for Entrepreneurship & Leadership at Lewis & Clark College. Noel has spent more than twenty years in development, starting his career at Trammell Crow Residential and later becoming one of the region's leading voices on mass timber and behavioral finance.
In today's episode, we're turning our attention to Washington State. From new rent control laws to mixed market signals across Seattle, Spokane, and beyond. Then we'll take a quick scan of the national apartment landscape: vacancy spikes, rate pressure, and why some buyers are biding their time.
In this episode, we're looking at a shifting landscape. Rents are cooling and vacancies are rising. Portland city hall just discovered it had $21 million it forgot to spend.
Angela Wilhelms, President and CEO of Oregon Business and Industry (OBI), discussed the organization's role in advocating for businesses at the state level. OBI recently released a report ranking Oregon as the nation's seventh most regulated state, with 179,000 regulations, many of which are excessive and burdensome. Wilhelm highlighted that 74% of small businesses struggle to keep up with changing regulations. She emphasized the need for legislative and executive oversight to streamline regulations and improve business competitiveness. Wilhelm also noted the impact of regulatory complexity on economic growth and called for a shift towards more practical and accountable rule-making.
In this episode, EcoNorthwest's Emily Picha reveals how the recent report, "All In on Central City," outlines over 100 projects and public-private strategies that are reigniting investment and livability in downtown Portland.
Economist Joe Cortright of City Observatory joins us to unpack the U.S. economy's slowing growth, Oregon's dependence on migration and trade, and the risks posed by costly infrastructure projects and volatile tax revenues.
Amy Vander Vliet, regional economist for the Oregon Employment Division, discussed Portland's economic status. The metro area's economy has experienced four phases: pandemic loss, recovery, stagnation, and some recent decline. Construction and manufacturing sectors have been the hardest hit. National trends, federal job losses, and migration policies influence the economy. Future challenges include uncertainty, tariffs, and immigration policies, which could impact employment and economic growth.
For today's episode, we will be discussing the Fall 2025 Multifamily NW Apartment Report. I will be summarizing the highlights from this year's report: where we've been, where we're heading, and what the numbers suggest about the state of multifamily housing across Oregon and Southwest Washington.
Today's episode takes a closer look at the ripple effects of the ongoing federal government shutdown here in Washington State—and specifically, how missed paychecks and halted programs are impacting renters and landlords in our region.
Isaac Jones, CPA with Perkins & Co., discusses the evolution and benefits of Opportunity Zones, highlighting the initial confusion caused by the 2017 Tax Cuts and Jobs Act and the subsequent impact of the pandemic. The new Opportunity Zone Act 3 (OZ 3) makes the program permanent, providing more clarity and certainty. Investors must recognize a capital gain within 180 days and invest in a Qualified Opportunity Fund. Key benefits include deferred tax on capital gains, potential reduction of gains recognized, and tax-free appreciation if held for over 10 years. The program incentivizes investment in low-income communities, with ground-up development or substantial rehabs being ideal projects.
In this episode, HFO Partner Greg Frick interviews Tom Rinehart, executive director of Oregon Smart growth. Oregon Smart Growth focuses on ways to help solve the state's housing supply crisis. The organization promotes solutions elected leaders, including Portland's mayor and the City Council.
In this episode, HFO Partner Greg Frick interviews Andrea Bell, the director of Oregon Housing and Community Services, who provides the latest update on what is happening at the agency charged with measuring accountability and statewide progress on Oregon's goal of building 36,000 housing units per year.
Our focus this week will be on the highlights, including vacancy and rent trends, new construction activity, and investor insights across the Portland metro, Willamette Valley , and Southwest Washington markets.
In today's episode we’re diving into the Q3 2025 update for Washington’s multifamily market by submarket. Whether you own a handful of units or manage thousands across the state, this episode is for you.
With office vacancies soaring, the idea of converting commercial buildings into housing sounds like a win-win—but is it feasible? In this video, Ezra Hammer unpacks the legal and logistical hurdles of office-to-residential conversions, from zoning and building code constraints to floorplate challenges and financing gaps. While popular in theory, conversions often face major headwinds—especially in cities like Portland where planning code changes lag market needs. Developers exploring adaptive reuse or value-add multifamily opportunities will find this discussion a must-watch primer on turning empty square footage into livable density.
Monique Claiborne, CEO of Greater Portland Inc., offers a compelling economic case for investing in the Portland metro area. From robust job creation in tech and advanced manufacturing to a favorable talent pipeline fueled by remote work trends, Claiborne highlights why Greater Portland remains a magnet for employers and investors. This video is a must-watch for multifamily owners evaluating long-term growth prospects tied to Intel’s fab expansion, clean tech investment, and the region’s world-class livability advantages.
In this insightful interview, land use attorney Ezra Hammer breaks down California’s use of the “Builders’ Remedy” law and its potential application in Oregon. He explains how the legal framework bypasses local zoning when jurisdictions fail to meet state-mandated housing goals—enabling developers to push through multifamily projects without traditional entitlements. Hammer explores the risks, court cases, and political appetite for such a remedy in Oregon, and offers actionable guidance for developers eager to pursue housing in restrictive jurisdictions. If you’re navigating stalled approvals or NIMBY pushback, this video is your legal roadmap.
In this episode of Multifamily Marketwatch, HFO’s Senior Data Analyst Michael Pierce breaks down three major regulatory changes reshaping the apartment investment landscape in Washington State. Tune in to learn what multifamily property owners must do to comply with the new Clean Buildings Tier 2 law, how Senate Bill 5184 is eliminating costly parking mandates, and why Washington’s Transit-Oriented Development Law (HB 1491) is one of the most aggressive pro-density policies in the nation. This timely briefing is essential for multifamily investors, developers, and asset managers looking to reduce costs, unlock tax incentives, and stay ahead of compliance deadlines.
In this episode of Multifamily Marketwatch, Michael Pierce explores Oregon’s latest push to ramp up housing construction and investment. With five new laws signed by Governor Tina Kotek—including fast-tracked permitting, infrastructure funding, and support for modular and mixed-income housing—developers are finding new opportunities across the state. Plus, hear about Eugene’s plan for 520 units of student housing, Happy Valley’s new mandatory $130 parking charge, and why Portland is quietly becoming one of the best multifamily investment plays on the West Coast. This is must-know intel for multifamily owners and developers navigating Oregon’s next housing wave.
Charlie Kokernak of Gantry Inc. delivers a practical, forward-looking take on the multifamily lending environment heading into 2026. Touching on interest rates, debt yields, refinancing pain, and lender sentiment, Kokernak helps multifamily investors understand what to expect in both agency and private lending markets. With institutional sales slow and distress brewing in some segments, this conversation offers key insights on how to finance, refinance, and restructure deals in today’s high-rate environment.
Today's episode explores vacancy taxes, a topic that several Portland City Council members are currently discussing. Some argue the proposal can help reduce vacant properties across the city. But is it really the solution to our housing crisis, or are they simply looking at a policy that sounds promising but falls short?
In this episode of Multifamily Marketwatch, Michael Pierce dives into Portland’s multifamily market as it begins to stabilize after years of volatility. With vacancy rates trending down, absorption picking up, and construction slowing to a crawl, what does this mean for investors and developers? Tune in for a positive outlook on Portland’s market and how strategic patience may be the key to success.
This episode features the latest Oregon wins and woes for landlords from the 2025 legislative session. Andor law co-founder Marcel Gesmundo discusses the recent Oregon legislative session. Discover the latest housing provider wins, including the defeat of several bills that would have had a negative impact on the industry. Additionally, Gesmundo discusses the ongoing efforts to promote housing production and streamline processes within the state. Marcel serves on the board of directors of the Government Affairs Committee for Multifamily NW.
Brad Kraus, a partner at Warren Allen, breaks down the latest legislative changes impacting rental housing providers in Washington State. Discover the new rent increase caps, mandatory forms, and service of process requirements that are now in effect. This episode is crucial for understanding how to navigate these updates and avoid costly management mistakes.
Seattle's affordable housing is unraveling—1,100 units for sale, rising costs, and legal battles. In Portland, a major nonprofit is selling 80 homes, hoping to turn renters into owners. Crisis or opportunity?
Bond yields are bouncing and lender sentiment is shifting. In this episode of HFO’s Multifamily Marketwatch, Michael Pierce breaks down the recent Treasury market volatility, explains the role of credit spreads in loan pricing, and shares what multifamily owners and investors need to know to navigate today’s cautious lending environment.
Seattle’s apartment pipeline is drying up as construction permits plunge and housing costs drive record out-migration from Washington. In this episode, HFO’s Michael Pierce breaks down the latest permitting data, rent trends, and policy debates every multifamily owner, investor, and developer needs to know.
Permitting across the Portland metro is plummeting, but Oregon’s lawmakers are responding with bold new reforms to accelerate housing development. In this episode, HFO’s Michael Pierce explores the latest permit trends, housing bills, and investment opportunities multifamily owners, developers, and investors need to track across Oregon’s shifting real estate landscape.
Dive into the evolving world of property management with Michael Havlik, academic director of Portland State University's Real Estate Center. Havlik reveals how innovative undergraduate programs are bridging the gap between education and real-world property management, offering students unique insights into technology, ethics, and career opportunities. Learn about the critical skills needed to succeed in this dynamic field, from technical expertise to people skills, and how internships are shaping future industry leaders. Together with HFO Partner Greg Frick, they explore the exciting developments in real estate education and the promising future of property management from an insider's perspective.
In this episode, consultant Jennifer Shuch of Leland Consulting Group shares insights into the challenges facing housing production, including economic hurdles, zoning restrictions, and the critical need for more flexible urban planning strategies. She discusses emerging solutions like public-private partnerships and state-level initiatives aimed at increasing affordable housing supply. Tune in to hear an expert's perspective on the complex landscape of urban housing development and the creative approaches cities are taking to address the housing crisis.
This episode reviews the most impactful housing legislation passed in Washington State’s intense 2025 session, including new rent control measures, changes to eviction procedures, and reforms to promote housing development. The following are among the laws signaling significant changes ahead for both renters and property owners across the state.
In this episode, we break down high, medium, and low priority bills that could impact renters, property owners, and the multifamily housing market, from changes to permitting and rent assistance to new rules for tax exemptions and rent control. Don’t miss this essential overview for anyone invested in Oregon's rental housing landscape.
This episode covers the April 2025 Multifamily NW Apartment Report with a tone of cautious optimism and a focus on digestible insights for a commuting audience.
This episode is all about reasons to feel confident in Portland's multifamily future! While some headlines are still catching up to what's really happening on the ground, here at HFO we are seeing a market that is quietly strengthening and setting up for long-term opportunity.
HFO partner Greg Frick interviews Ezra Hammer, an attorney specializing in land use and real estate with Jordan Ramis law firm. Their discussion explores the critical housing challenges facing Portland and the state of Oregon. Hammer discusses the region's significant housing shortage, with approximately 45,000 missing housing units and low development rates, highlighting systemic issues like infrastructure funding, overly localized community engagement, and restrictive urban growth boundaries. He advocates for radical policy changes, including state-level infrastructure funding reforms, reducing neighborhood-level development obstacles, and expanding urban boundaries to facilitate housing production. The conversation emphasizes the urgent need to address housing affordability, with over 50% of renters currently being housing-burdened, and calls for a holistic approach to urban development that prioritizes broader community needs over hyper-local interests.
HFO's Greg Frick and Charlie Kokernak of Gantry, Inc. discuss the Q1 2025 Oregon and SW Washington multifamily market lending landscape. Despite political uncertainties, the market is finding stability. There's a significant pent-up demand for equity, driven by reasons like default and depreciation. Underwriting standards remain consistent, and rates have dropped, but uncertainty remains. Insurance costs are a growing concern, particularly for older properties. Lenders are competitive, offering tight spreads and flexible terms. Deal flow is expected to increase, and pricing stability is anticipated.
Dive into this week’s Multifamily Marketwatch! Washington Governor Bob Ferguson tackles housing affordability challenges with zoning reforms and rent stabilization efforts. Seattle’s ambitious 20-year housing plan faces roadblocks that could delay new developments. Meanwhile, Portland’s vibrant market sees growth with key projects like Sellwood Bluff and Reed’s Crossing as rising insurance costs are putting multifamily property owners under pressure. Tune in for the latest market insights in Washington and Oregon!
Explore the latest legislative updates impacting multifamily housing investments in Oregon and Washington! In this episode, we cover Oregon's new mandates like air conditioning requirements (SB 54), changes to rent cap exemptions (SB 722), and Washington's push for innovative housing solutions such as commercial conversions and zoning reforms. Learn how these policies affect supply, affordability, and investment opportunities in the region. Stay informed to adapt your strategies in 2025 and beyond!
In this episode of HFO Multifamily Marketwatch, Greg Frick interviews Wayne Achen, Project Coordinator at Pacific Exteriors NW. They explore common exterior issues in multifamily buildings in the Pacific Northwest, emphasizing the significance of regular maintenance and early problem detection, such as water intrusion, failing windows, and improper deck installations. Wayne highlights that many issues arise from incorrect installations rather than product defects. The discussion touches on the typical lifespans of various components, the benefits of architectural roofing, building material availability, and the importance of preventative maintenance. Tune in to learn how to protect your investment and avoid costly repairs down the road!
In this episode of HFO Multifamily Marketwatch, we delve into the contentious debate surrounding the Portland Supportive Housing Services (SHS) tax, which funds homeless services and is set to expire in 2030. A proposed 20-year extension would lower the tax rate from 1% to 0.9%, yet concerns remain about the tax's high rate and its implications for attracting high-income residents. The discussion critiques the management of funds by Metro and its subcontracting with the City of Portland, alongside proposals for reallocating funds to cities and subsidized housing. The episode emphasizes the need for community engagement and accountability in addressing homelessness, suggesting alternative funding mechanisms like operating levies and property tax adjustments to enhance effectiveness in social welfare programs.
Explore Oregon's critical housing shortage as this episode examines low vacancy rates, rent burdens, and the influence of second homes. It dives into the contrasting legislative approaches between Republicans and Democrats on issues like homelessness and governance, while also discussing new requirements for cooling systems in multifamily housing and updates to Oregon's building code.
This episode covers groundbreaking measures reshaping multifamily housing, including rent increase caps in manufactured home parks and streamlining kit home permits in Washington. It also highlights the transformative role of AI in real estate and discusses the ripple effects of NIH grant cuts on OHSU.
In this episode, newly elected city councilor Olivia Clark shares her bold vision for tackling housing and development challenges. She discusses streamlining the permitting process, revising zoning regulations, and fostering a more collaborative environment at City Hall to support sustainable growth. Olivia highlights her approach to reducing administrative burdens, lowering operational costs, and working with key stakeholders to drive meaningful change in the community. Don’t miss this insightful conversation about shaping the future of our city.
In this episode, we sit down with Portland City Council member Eric Zimmerman to discuss the city’s growing challenges and opportunities in multifamily housing; from tackling frustrating permitting delays to reducing regulatory burdens that weigh heavily on multifamily property owners, our guest shares candid insights into hurdles facing the housing market today. We also delve into the innovative incentives and tax breaks being proposed to encourage new development and support housing growth. Whether you’re a property owner, developer, or someone simply curious about the future of housing in Portland, this conversation sheds light on potential policies shaping the city’s housing landscape.
This week’s episode dives into the legislative discussions shaping housing policy in Oregon and Washington. From proposed caps on rent increases to measures promoting condo development and tenant protections—plus new requirements for air conditioning in multifamily properties—these debates could transform the housing landscape in the Pacific Northwest. Tune in for an inside look at what’s on the table and how it might impact multifamily stakeholders.
After years of slight declines, Oregon's population increased in 2024 according to the latest estimates released by Portland State University. State economists released a new report showing a significant increase in expected revenues, and nearly two dozen leaders from Oregon, Washington and BC Canada recently met in Portland to strategize on future housing policy.
In this episode: Multifamily insurance is on the rise; some renters on the Oregon Health Plan are newly eligible for rent assistance; and the state's new Housing Accountability and Production Office is set to launch July 1.
Up for Growth’s latest Housing Underproduction report is out, highlighting key trends and regional insights into the U.S. housing shortage. HFO's Michael Pierce summarizes the latest data.
In this episode of Multifamily Marketwatch Podcast, senior researcher and host Mike Pierce offers an update on some major infrastructure and job growth projects ahead in Portland and Oregon.
HFO’s podcasts are sponsored by: Pacific Exteriors NW, apartment siding contractors specializing in multifamily, apartments, condos, residential, hotels, resorts, and commercial buildings, and Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
About HFO Investment Real Estate HFO Investment Real Estate is a Pacific Northwest-based real estate brokerage specializing in the acquisition and disposition of multifamily assets on behalf of a wide range of clients, from individual owners to institutional and private equity firms. Learn more about HFO at HFORE.com.
In this episode of HFO Investment Real Estate's Multifamily Marketwatch Podcast, senior researcher and host Mike Pierce discusses the promising outlook for multifamily investors in Oregon and Washington for 2025 and 2026, covering projected economic growth, population trends, and the resilience of the multifamily market amid economic uncertainties. Listen now to learn about anticipated rent increases, the impact of declining housing permits, and proactive strategies for property owners.
HFO’s podcasts are sponsored by: Pacific Exteriors NW, apartment siding contractors specializing in multifamily, apartments, condos, residential, hotels, resorts, and commercial buildings, and Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
About HFO Investment Real Estate HFO Investment Real Estate is a Pacific Northwest-based real estate brokerage specializing in facilitating the acquisition and disposition of multifamily assets on behalf of a wide range of clients, from individual owners to institutional and private equity firms. Learn more about HFO and our exclusive multifamily listings at HFORE.com.
Enjoy the audio from our latest episode of HFO-TV, our web news program for multifamily investors. Check out the video from the episode on our website at HFORE.com/Videos.aspx or follow us on YouTube @HFOInvestmentRealEstate.
On this episode of HFO-TV, John Gillem, CoStar’s Director of Market Analytics for Oregon and Idaho, joins HFO co-founder Greg Frick on HFO TV to discuss multifamily market trends in Portland and the Pacific Northwest. John and Greg delve into population growth, apartment demand, and the slowdown in new project pipelines. Check out the full video to hear why Greg and John agree the Portland apartment market is headed for an upswing in the second half of 2024.
HFO’s publications are sponsored by: Pacific Exteriors NW, apartment siding contractors specializing in multifamily, apartments, condos, residential, hotels, resorts, and commercial buildings, and Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
About HFO Investment Real Estate HFO Investment Real Estate is a Pacific Northwest-based real estate brokerage specializing in facilitating the acquisition and disposition of multifamily assets on behalf of a wide range of clients, from individual owners to institutional and private equity firms. Learn more about HFO and our exclusive multifamily listings at HFORE.com.
In this episode of HFO Investment Real Estate's Multifamily Marketwatch Podcast, senior researcher and host Mike Pierce discusses the rising demand for electric vehicle (EV) charging stations at multifamily properties, focusing on the proactive measures taken by Washington, Oregon, and particularly Portland, to integrate sustainability and ensure equitable access to EV infrastructure. Learn more about the importance of compliance with regulations, the benefits for property owners, and the willingness of renters to pay premiums for EV amenities.
HFO’s podcasts are sponsored by: Pacific Exteriors NW, apartment siding contractors specializing in multifamily, apartments, condos, residential, hotels, resorts, and commercial buildings, and Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
About HFO Investment Real Estate HFO Investment Real Estate is a Pacific Northwest-based real estate brokerage specializing in facilitating the acquisition and disposition of multifamily assets on behalf of a wide range of clients, from individual owners to institutional and private equity firms. Learn more about HFO and our exclusive multifamily listings at HFORE.com.
In this episode of HFO Investment Real Estate's Multifamily Marketwatch Podcast, senior researcher and host Mike Pierce shares the latest headlines impacting multifamily investors and developers, including the notable decline in multifamily housing starts and permit applications both nationally and in Oregon and Washington, and the key factors driving the trend, including high interest rates, shortages of materials and labor, and regulatory challenges.
HFO’s podcasts are sponsored by: Pacific Exteriors NW, apartment siding contractors specializing in multifamily, apartments, condos, residential, hotels, resorts, and commercial buildings, and Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
About HFO Investment Real Estate HFO Investment Real Estate is a Pacific Northwest-based real estate brokerage specializing in facilitating the acquisition and disposition of multifamily assets on behalf of a wide range of clients, from individual owners to institutional and private equity firms. Learn more about HFO and our exclusive multifamily listings at HFORE.com.
In this episode of the HFO Multifamily Marketwatch, HFO Investment Real Estate's Senior Research Analyst Mike Pierce analyzes Portland's rental market, discussing the slowdown in construction, the shift towards luxury inventory, and the resurgence of concessions. Delve into the pandemic's impact on renter preferences, Oregon's rent increase cap, and the structural shift in the market, as well as Portland's forecasted growth in employment, housing demand, and construction.
HFO’s podcasts are sponsored by: Pacific Exteriors NW, apartment siding contractors specializing in multifamily, apartments, condos, residential, hotels, resorts, and commercial buildings, and Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
In this episode of the HFO Multifamily Marketwatch, HFO Investment Real Estate's Senior Research Analyst Mike Pierce discusses the housing shortage in Oregon and the potential of office-to-apartment conversions as a solution. Mike delves into the impact of the COVID-19 pandemic on the commercial real estate market, with a significant increase in remote work leading to a high rate of office vacancies, and specific efforts in Portland to support office-to-rental conversions.
HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
On this week's episode of Multifamily Marketwatch, Senior Research Analyst Mike Pierce dives into the innovative approach nonprofits and religious organizations are taking in addressing the housing crisis. Inspired by California's initiatives, these groups are converting their properties into low-income housing, bypassing expensive local permitting and environmental review processes.
HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
This week's topics include: 55 million vacant homes in the US; Governor Jay Inslee's eviction moratorium being upheld by the state Supreme Court, and Economist Matthew Gardner's predictions for Washington.
On this week's episode of Multifamily Marketwatch, Senior Research Analyst Mike Pierce delves into the intricacies of the state's housing shortage to help understand the ripple effects this crisis has on renters and the rising tide of homelessness. But with challenges come opportunities. We dig into and share our expert insights on potential solutions, drawing from our extensive experience in the multifamily investment sector. Whether you're an established investor or exploring the multifamily realm, equip yourself with the knowledge and foresight to thrive in Oregon's evolving real estate market.
HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
HFO founding partner Greg Frick welcomes Brad Kraus, a landlord-tenant lawyer, to discuss the state of Washington's landlord-tenant laws. Brad discusses eviction actions, security deposit obligations, and the impact of the CARES Act issue on Washington eviction notification.
This week, Mike Pierce, the Senior Research Analyst at HFO, provides an overview of the apartment market in Portland and Vancouver, including the widening gap between urban and suburban rental markets during the pandemic.
HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
HFO Director of Client Services Aaron Kirk Douglas welcomes Carl Whitaker, director of research and analysis at RealPage, Inc., to discuss the market Washington state multifamily market. Aaron and Carl delve into the impact of tech sector employment and AI hires on Seattle's rental market, the strong performance of suburban submarkets, increasing occupancy--despite slowed rent growth-- and the strength of the Spokane market.
In this episode, HFO Senior Research Analyst Mike Pierce discusses the challenges faced by downtown office building owners and landlords due to higher vacancies. The episode explores the idea of converting these vacant spaces into residential or mixed-use properties, and the value in keeping downtown office spaces as-is and encouraging professional services and businesses to lease them while repurposing older suburban office buildings for housing. We also explore the different investment behaviors of institutional and private investors in the real estate market, as well as the impact of pandemic-related migration on Multnomah County's income and tax revenue.
In the latest HFO-TV episode, Aaron Kirk Douglas interviews market analyst Carl Whitaker from RealPage Inc. Whitaker shares insights into Portland's real estate market, noting a less pronounced seasonal rent swing and lower retention rates than other West Coast cities. Looking forward to 2023 and 2024, he predicts a slowing rent growth and potential challenges in the tech-driven economy, particularly in chip manufacturing. The episode also touches on the performance of smaller markets, such as Salem, Eugene, and Corvallis, highlighting their steady growth influenced by state-funded schools.
In this episode, Greg Frick, partner at HFO Investment Real Estate, welcomes Quinn Posner, founder and lawyer at Northwest Landlord Solutions, to discuss legislative changes in landlord-tenant law in Clark County and Washington. They cover the impact of COVID-19 on the industry, changes in eviction processes, rental assistance programs, the lack of state preemption leading to different rules in different areas, and the need for landlords to stay updated on the constant changes in landlord-tenant laws to avoid legal troubles.
In this episode: Washington State rent growth trends, the question of whether Seattle's new energy codes are leading to a drop in permit applications, and renters rights groups rattling city councils in Seattle and Tacoma.
This Week:
• Housing production slows in West Coast cities; What’s happening in PDX?
• Bend vacancy rate may be on the rise
• Update on the Q2 Multifamily Market
HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
In this podcast episode, we cover significant developments affecting the multifamily housing sector in Washington State: (1) The Federal Housing Administration's raising the threshold for large multifamily loans, potentially expanding property eligibility for standard underwriting. (2) Despite concerns about a hard landing, demand for apartments remained strong, and the state is making a historic investment in affordable housing projects. (3) Although still alive, Seattle's proposed rent control bill faces challenges. PLUS! We also cover the affluent renter demographic in Seattle and slowing apartment production.
Stay tuned next month for expert insights on state eviction processes and security deposits.
This Week:
- Oregon Senate Bill 611: New restrictions on rent increases
- Multifamily forecast for the rest of 2023
- Portland apartment construction surges, but the rebound may be brief
HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
This week: Eviction moratoria continue expiring, relieving distraught landlords; national rental rates remain flat, and The Urbanist asks: How many new homes could be created with denser housing limits near transit? The answer may surprise you.
This week: The Runaway Cost of Portland's Affordable Housing, Multi-Family insurance costs rising, and Should you allow Airbnb rentals at your property?
Among this week's stories: Seattle City Council member Alex Pederson proposes adding $5-8k per unit in housing impact fees, estimating the fees will raise $200-$760 million in the next 10 years for infrastructure.
Reports on CMBS loan delinquencies, rising national insurance rates, and the latest land sale demonstrating that developers are bullish on Bellevue.
This week:
- Discussing Multifamily housing occupancy in Portland
- $1 trillion-plus of multifamily debt will mature by 2027
- Multifamily sales drop 74% YOY
HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc, the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
Seattle is #1 in the US for population growth, and tech jobs are growing as well, focusing on A.I. and Blockchain; the state building code council delays new rules banning natural gas for heat in new commercial and residential construction.
In this episode:
- A quick update on the national multifamily market
- The growing buzz around converting offices to apartments
- A round-up of the May Oregon ballot measures and their impacts on multifamily investment
- Governor Jay Inslee touts housing bills, $1 billion in housing spending
- National and regional rent growth forecasts for 2023
- A roundup of recent multifamily transactions in the Puget Sound region
In this episode, we discuss how Measure 26-238 would introduce a 0.75% capital gains tax in Multnomah County and how it could affect the multifamily industry.
HFO’s podcasts are sponsored by J.R. Johnson, specialists in restoration and emergency repair work for multifamily properties, and Gantry Inc, the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.
In this episode:
- A final wrap-up of housing industry legislation of interest to multifamily owners and developers in Washington State
- A roundup of development and transaction news from around the state
- A new tenant rights group has formed in Whatcom County, threatening lawsuits and legislative initiatives
The big stories from this past week:
- Developers Say Building in Portland Has Become Unaffordable
- Lee Fehenbacher, HFO Senior Broker: Portland Multifamily Investors Are Voting With Their Money
A roundup of final housing bills moving through the state legislature and likely to become law are featured in this special editition of HFO Multifamily Marketwatch for Oregon and SW Washington. For ongoing Washington-specific industry updates, be sure to subscribe to HFO's Washington Multifamily Marketwatch.
The big stories from this past week:
1 What House Bill 2001 means for multifamily owners in Oregon
2 Fraudulent accommodation requests for assistance animals is a growing problem
3 State of multifamily in Q1 2023
A special update on the status of pending legislation of interest to multifamily owners and management companies in Washington State.
The big stories from this week:
- Office-to-multifamily conversions
- Key points from Portland multifamily reporting in Feb 2023
- AI effects on the multifamily industry
The big stories from this week:
- Multifamily and Silicon Valley & Signature bank collapses
- Why you should focus on tenant retention in 2023
- Multifamily construction outpaces demand in Portland
This episode offers the very latest on bills at play in the Washington State Legislature. Bills need to be moved out of their house of origin by 5 pm Wednesday, March 8th.
The big stories from this past week:
- Multifamily is evolving in 2023
- Portland requires mixed-use use buildings to have EV charging
- Transforming office to Multifamily
Controversial legislation heats up in the Washington State legislature; a roundup of announced multifamily projects; plus the latest on Portland's EV charging mandate.
This week, HFO Investment Real Estate's research analysts dig into:
- Investing in multifamily in 2023
- Multifamily housing rents flat in January, developers remain optimistic
- Transforming multifamily properties for an aging population
Highlights of bills currently pending in the Washington State Legislature and their impact on multifamily owners and developers are featured.
This week, HFO Investment Real Estate's research analysts dig into:
- Apartment sales volume drops 17% in 2022
- Will multifamily have a soft landing in 2023?
- Multifamily starts up in 2022 to highest levels the since '80s
- Labor, material, and land prices may ease in 2023
This week:
- MBA Projects Drop in Multifamily Mortgage Financing in 2023, Strong Rebound in 2024
- Fourth-Quarter Property Sales Post Worst Slowdown Since the Great Recession
- Despite Interest Rates, Multifamily Lending Continued to Grow in 2022
This week: Leasing remains soft, as rents continue to fall, small signs point to increasing delinquency rates, and apartment transactions are falling.
HFO founding partner and broker Greg Frick talks to Andrea Bell, executive director of Oregon Housing & Community Services (OHCS), about the agency's 2023 legislative agenda and the "audacious and appropriate" proposed budget that is the largest request in OHCS history.
This week: The multifamily construction boom is fading, Fannie and Freddie buy fewer multifamily loans as property sales fall, Voters say YES to affordable housing, and apartment sales in brisk quarter for Portland, Oregon.
This week: The multifamily construction boom is fading, Fannie and Freddie buy fewer multifamily loans as property sales fall, Voters say YES to affordable housing, and apartment sales in brisk quarter for Portland, Oregon.
This week: Rents remain flat in September, will there be a recession Q4 2022?, and U.S. apartment sales outpace last year despite higher interest rates.
Subscribers to HFO Multifamily Marketwatch can subscribe now to our Washington Multifamily Marketwatch on all podcast markets.
This month on HFO-TV, we spoke to Nolan Gray, research director for California YIMBY and author of Arbitrary Lines: How Zoning Broke the American City and How to Fix It.
Nolan joins HFO Broker Aaron Kirk Douglas to discuss his new book and the history and role of zoning in where we live and work. Find Arbitrary Lines on Amazon or the publisher's website, islandpress.org/books/arbitrary-lines.
This week on HFO-TV, we spoke to Oriana Magnera, nonprofit Verde’s Energy, Climate, Transportation Program Manager, about the resources available to landlords through Oregon's new heat-response programs. These programs are the result of legislation that went into effect following the heatwave that occurred in the Pacific Northwest in 2021, when extreme temperatures caused the deaths of more than 100 people in June and July.
Listen to the interview here and learn more about Verde's resources for landlords and residents at Verde (verdenw.org)
And check out our blog post on the impacts of bipartisan Emergency Heat Relief bill SB 1536, which became effective on March 24, 2022.
This week: How the Inflation Reduction Act will affect the multifamily sector, Oregon max rent increase for 2023 explained, Multifamily rent growth stalls in August 2022.
This week: We explore why single-family built-for-rent construction is surging, and consider what the rest of the year holds for multifamily on a national level, and why the Portland multifamily market is well-positioned for the rest of 2022.
This week: Rising Interest rates are putting apartment refinancing at risk. How is Portland Downtown's recovery going vs. other cities? Highlights from a new Freddie Mac Multifamily Report.
This week: How will Multifamily fare in a recession? How much does it cost to replace resident? As the loss of affordable housing grows, how will the U.S. get 4.3 million apartments by 2035?
This week: Multifamily housing construction looking strong for Q322, Portland-area investment is up, along with multifamily sales, and why multifamily is your best bet to sustain during economic turbulence.
This week: Portland building permit reviews even slower, but progress has been made. Property sales and price gains slow as investors look again at urban markets, and what does it mean for multifamily when rent growth and property values outpace inflation?
This week: Eight Oregon metros prepare to eliminate minimum parking requirements for homes and businesses in an effort to achieve climate-related goals, what kind of return could you expect if you converted your property to Affordable housing, and the effects of rising interest rates on apartment building owners and renters.
This week: Portland widens development in single-family zones, the U.S. saw the lowest nationwide quarterly rental vacancy rate since 2000, renters are staying in their apartments longer and paying more, and HFO named a CoStar Power Broker 16th time in its 22-year history.
This week: Rising interest rates and purchase prices are reducing return rates for apartment investors, multifamily sentiment faced downward pressure in the first quarter as high construction costs took a toll on developers, and Multnomah County's program incentivizing landlords to rent vacant units to homeless Portlanders has garnered interest from 54 landlords who have offered a total of 374 units.
This week: Apartment construction, investment, and leasing across the United States hit record highs in Q1, Gen Z is surpassing millennials as the largest renter cohort dominating the multifamily market, and the Portland metro lost a total of 6,417 single-family home rentals between 2015-2020.
This week: Yardi reports continued strong apartment market performance despite national economic hiccups, Portland rents are up, but not as much as rest of state, and Washington is the first state to require all electric heating in new buildings
This week: No matter who you ask, rents in Portland are up, developers are considering converting retail centers to multifamily, and an update on the Portland and Seattle development pipeline.
This week: Portland lost nearly 4,000 single-family rental homes from 2015-to 2020; multifamily draws global capital, and Seattle is among the top markets for commercial real estate investment.
This week: what rising interest rates mean for apartment cap rates, and LEED Multifamily properties are earning higher rents.
This week: US builders and effect of Ukraine War; Portland Multifamily Report; National Trends in Multifamily
This week: Portland’s apartment pipeline plunges, and a look at whether cities are still the hot spot for rent growth.
This week: Moratoriums are over, Oregon renters now face eviction, and Portland’s rents increased among the fastest in the U.S.
Oregon and Seattle Washington eviction moratoriums come to an end, and Multifamily builder confidence finishes out 2021 on a high note.
This week: Public pension funds allocated to real estate reach a new high, and a new poll shows large multifamily investors are reluctant to build housing in states or markets with rent control.
This week: U.S. Housing costs surge with no end in sight, the Oregon Secretary of State's audit division plans to review how the state has handled rental assistance funds, and the Washington State legislature is considering requiring landlords to provide six months' notice of any rent increases above 7.5%.
We have year-over-year rent growth updates that reflect an easing off in the current surge in rents, and we take a look at what will drive multifamily construction this year.
This week: Portland metro's 2021 Multifamily sales reach an all-time record; highlights of the latest Harvard University Rental Housing Report, and a look at what’s ahead for multifamily lending.
This week: Rent prices turn a corner as rent growth slows; what to look for in this year's multifamily market, and a Central Oregon update.
This week: record low vacancies in the multifamily market expected to continue in 2022; Freddie Mac forecasts continued growth in multifamily, and HFO has joined with 10 other offices to form Global Real Estate Advisors.
This week: an update on the distribution of rental assistance in Oregon, a multifamily market update for Puget sound, and the 2021 United Van Lines moving survey results.
This week we are proud to present John Mitchell talking about the commercial real estate market in 2022 from the HFO 2022 Roundtable.
This week: The Oregon legislature has approved additional rent assistance funding and extended the eviction moratorium, and the Portland metro area sets a new record for multifamily sales volume.
This week we have an update on Oregon Rental Assistance, Market Report for Seattle, and have some highlights from Multi-family NW Rental Survey.
This week: Oregon’s Governor calls for a special session on evictions; property sellers remain in the best position in the last 15 years, and we’ve got an update on the student housing market.
This week: U.S. vacancy rates and rents break records, multifamily housing construction rose in October, and Oregon toys with extending the eviction moratorium once again.
This week: Build-to-rent single family homes are picking up steam, and what’s the impact of the infrastructure bill on multifamily?
This week: Portland’s real estate reputation trends up, construction spending turns down, and the predicted national rise in evictions has yet to materialize.
This week: how people in commercial real estate feel about the future; Oregon finally makes progress in distributing rental assistance, and - is this is a good time to own an apartment building? All that and more in our podcast.
This week: apartment rent payments are slowing as the pandemic wears on; the nation’s shortage of housing affecting all price points and rent and vacancy trends for Oregon and SW Washington.
This week: supply chain issues causing construction delays, rents across the country spike, and a Portland rental market update.
This week, Washington State and Washington County in Oregon extend eviction moratoriums; Seattle home prices show their biggest ever 12-month gains; and why multifamily is still the most favored asset class.
This week: Renters call for a special legislative session; the city of Portland sets up a mediation program for landlords and tenants facing eviction; and a look at how luxury apartments impact low-income renters.
This week: How landlords are faring during the pandemic, how collection issues affect rent growth, and an update on the distribution of rental assistance in Oregon.
This week: rents grow at historical levels, and multi-family investors remain attracted to Portland.
This week: the U.S. supreme court orders an end to the CDC’s eviction ban and the latest status on the distribution of rental assistance.
This week we discuss the Eviction Moratorium from a landlord perspective, OR and WA are in the top 25 markets for rent growth, and 2020 Census data is coming out and shows the effects of lack of housing production in OR and WA.
This week: investors urged to continue lobbying in support of 1031 exchanges, how multifamily fares despite looming evictions, and a covid update for Oregon and Washington.
This week: the CDC extends the national eviction moratorium until October 3, lumber prices soar in Washington State, and Oregon finally expands zoning for multifamily housing.
This week: Single-family homebuilders try out the rental sector; economists forecast improving conditions ahead, and is owning commercial real estate a hedge against inflation?
This week: apartment financing is expected to increase in the final half of this year; rent prices soar in Oregon and across the country, and the U.S. housing market starts to shift as newly listed homes surpass 2019 levels.
This week: Apartment developers are eyeing market discounts on closed hotels, and spiking lumber prices affect the ability to construct affordable housing.
This week: Investment dollars target the U.S. Apartment Market; homes in Seattle are selling quickly at $100- to $300 thousand over listed rates, and Portland State University researchers estimate Oregon may need to spend billions in the years ahead for the downstream consequences of potential evictions.
This week: Oregon passes legislation supporting tenant relief and landlord compensation, and eviction moratoriums are extended at the federal level and in Oregon and Washington state.
The Seattle City Council takes aim at landlord property rights; the national association of realtors reports the U.S. needs 6.8 million more homes, and jobless claims spike as America’s economic recovery slows.
This week: the potentially devastating economic impact of eliminating 1031 exchanges; inflation fears pick up, and the Oregon legislature takes steps to expand options for affordable housing.
This week: Oregon opens its landlord compensation fund for the final round of applications; construction material price increases causing higher costs, and rents are rising across the country as pandemic pricing comes to an end.
This week: The $40 billion in rent relief headed to states; $318 billion of proposed housing and tax credits in President Biden’s infrastructure plan; economists predicting a post-pandemic boom, and soaring lumber costs are slowing construction.
This week: Oregon's portal to apply for $204 million in funds for tenants (payable to landlords) for past-due rent is now open; Oregon Governor Kate Brown signs legislation giving tenants until Feb. 2022 to pay past-due rent, and Seattle has permitted tens of thousands of new units.
Washington state will now require just cause evictions for month-to-month leases; lawmakers in Oregon approve legislation giving tenants until February 28, 2022, to pay overdue rent accumulated during the pandemic.
Landlords and tenants are raising alarms about the fact that Oregon’s landlord and tenant relief fund is not covering back rent owed by tenants who have moved, and the DOJ seeks a stay of a federal judge’s ruling striking down the CDC’s eviction moratorium.
This week: An update on current rental housing legislation in Oregon and Washington, survey results from Multifamily NW on Oregon renters falling behind in rents, and a roundup of news related to homelessness.
This week: Jobless claims down, rental assistance up, Portland launches a pilot program for eviction mediations, and a federal judge in St. Paul, Minnesota slaps an injunction on a city screening and security deposit ordinance there.
This week: California creates 6,000 housing units in less than one year, a model that both Oregon and King County, Washington, hope to copy. Oregon and Washington legislatures continue moving forward on several bills of interest to landlords.
This week: Two housing bills move forward in Oregon’s legislature; downtown Portland sees increased workday activity; and an update on the Federal infrastructure plan’s $213 billion for new housing initiatives.
The Center for Disease Control expands the federal eviction moratorium until June 30th; Tenant advocates in Seattle advocate a campaign to increase renter protections, and Oregon’s smaller towns are bouncing back faster economically than the state’s larger cities.
This week: Permits for new multifamily projects in Portland dropped precipitously in 2020; low housing inventory and higher lumber prices drive up new home costs; a bipartisan bill sponsored by US Senator Amy Klobuchar directs $1.5 billion to local governments that commit to increasing housing supply.
This week: a Federal Judge rules the CDC lacked authority to enact an eviction ban, opening the door for more legal challenges, and Twentysomethings are flocking to smaller, more affordable cities like Tacoma.
This week: The Oregon legislature prioritizes bills intended to address the state’s housing crisis; Economist Joe Cortright cites Inclusionary Zoning as the reason for the sharp decline in new multifamily building applications, and a new stimulus bill expands unemployment benefits but payments to Oregonians may be delayed.
This week: Oregon's economy forecast to boom; problems plague Oregon Landlord Fund website; and legislatures in Oregon and Washington go wild with housing-related bills.
This week: Rental owners jam the State of Oregon Landlord Relief Fund website with hundreds of applications; a study by Redfin finds that increased housing density in Seattle has made it the most economically integrated city in the U.S. in just four years.
This week: Oregon’s rental owner reimbursement fund has opened for claims; wealthy neighborhoods continue to attempt to evade higher density through historic designations; a recent research roundup reveals a preponderance of evidence supporting the premise that increased market-rate housing makes all neighborhood rents more affordable.
This week: mind-boggling amounts of money needed to offset potential economic damage from unpaid rents and Multifamily NW urges rental providers to contact state legislators to support SB 330, which would provide a tax credit for unpaid rents.
This week: Portland’s stunning slowdown in multifamily permit applications; Washington State’s legislature kicking the tires on housing legislation; and renters across the country struggle to hold it together while awaiting help from the federal government.
The Oregon legislature is in session with competing housing priorities; both Washington State and the City of Seattle consider phasing out gas heating in new buildings. Experts at the Urban Institute claim that even a new round of stimulus checks will not be enough to avert a housing crisis.
This week: Oregon Housing and Community Services plans to open the first application round for the state's landlord reimbursement fund by the end of January; Oregon's unemployment rates rose for the first time since April; President Biden's stimulus plan includes $350 billion in aid to municipal governments.
This week: a Federal Judge in Washington State allows a statewide eviction moratorium to stand as a lawsuit against it moves forward; the Oregon legislature seeks ways to help renters and landlords as a potential eviction crisis looms.
This week: Oregon’s special legislative session will consider $200 million in relief funds for landlords and tenants; Moody’s Analytics estimates that renters nationwide could owe billions in back rent by next month.
This week: Oregon’s legislature undecided on a pandemic special session; Washington’s Governor announces COVID-19 restrictions to January 4, and The Atlantic publishes a piece predicting the future for cities in 2021 and beyond.
An Oregon support fund for landlords could begin accepting applications in January; counties in Washington State are distributing $120 million in federal rent assistance despite fears it will not be enough.
Oregon's unemployment rate has dropped to 6.9%, but legislators fear recent lockdowns could spur a new round of layoffs; the state of Oregon will provide free debris cleanup to all homes and businesses, including mobile home parks, in areas impacted by this year's fires; investors nationwide are buying up student housing from struggling universities and converting it into market rate units for young professionals.
Oregon Governor Kate Brown issues orders a pause for all Portland metro area counties; Planetizen reports on potential impacts of Biden win; federal unemployment benefits will expire at year end, and it appears unlikely that Congress will take action before then.
Portland Mayor Ted Wheeler won re-election; Oregon Democrats maintain supermajorities in both legislative chambers; Washington Governor Inslee is re-elected, and CityLab reports the potential impacts of climate change are increasingly important for real estate investors.
This week: Oregon’s COVID-19 Emergency declaration is extended to January 2nd, 2021, the Portland area’s apartment sales have declined in 2020, but one analyst expects ongoing demand as Seattle-work-from-home employees move to Portland.
This week: Portland has seen mixed job news with tech and industrial sectors faring better than other industries; Rose city voters still place homelessness at the top of their list of concerns; experts call for electrifying all new building systems to help combat climate change.
This week: Washington’s governor extends the state residential eviction moratorium to the end of 2020; the Urban Land Institute reports that trends for 2021 indicate a strong interest in industrial, single-family, and multifamily housing; CityLab reports the shift out of cities during the pandemic may be only temporary.
Rents drop in 41 of the nation’s 100 biggest cities; Portland’s Residential Infill Plan is praised by an affordable housing expert, and the national council of state housing agencies predicts $34 billion will be owed in back rent by January 2021.
This week: Oregon’s Governor extends residential eviction moratorium to the end of 2020; The Portland City Council dissolves the unreinforced masonry workgroup; Rent café reports that more old buildings than ever are being turned into apartments.
In this week's special edition, HFO Partner Greg Frick gives a mid-year update on the multifamily market for the greater Portland, Oregon metropolitan area.
This week: Portland now requires landlords to pay relocation fees to any tenant receiving a rent increase before next March; across the country, rent collections are falling, and the CDC’s eviction moratorium is being interpreted by judges in different states in completely different ways.
This week: Portland Mayor Ted Wheeler announces plans to extend the city’s eviction moratorium and lower the threshold for mandatory relocation assistance payments. Atlanta and Chicago pause construction activity and the nation’s largest banks worry about outstanding commercial real estate loans.
This week: The CDC issued a national moratorium on evictions for renters who can prove substantial loss of income due to COVID. Seattle rents decline for the third month in a row, and Portland home values continue to rise despite widespread unemployment.
This week: A special report on the impact of Oregon's new Corporate Activity Tax on owners of multifamily investments in Oregon. Perkins & Co, CPA Trent Baeckl explains new details along with other important accounting news of interest to multifamily owners.