Blog Posts

Multifamily Marketwatch Podcast - November 18, 2019

This week: after declining 80% in the recession, homebuilding finally rebounds; the cities of Lake Oswego and West Linn try to find ways around a new state law requiring multiple housing units, and...

Portland-Area Rents Mostly Flat Month-over-Month, but Milwaukie Is Still Seeing Strong Growth

According to RentCafe's October rent report, Portland area rents were mostly flat month-over-month, though they still outpaced nationwide averages. The national average was up 0.1% in October,...

Washington Supreme Court Upholds Seattle's First-Come, First Served Law

The Washington Supreme Court published an opinion today overturning a lower court's decision to strike down a Seattle law that requires landlords to process tenant applications on a first-come,...

Portland City Council Votes Unanimously to Expand Deconstruction Rules

The Portland City Council voted unanimously on Wednesday to require deconstruction rather than demolition for homes that were built in 1940 or earlier. Historically designated homes are also subject...

Seattle Adopts New Tenant Protections

Seattle recently passed legislation requiring changes to the notices served to tenants. The changes took effect on November 3, 2019, for all properties inside the city limits. Read more here.HFO...

City Council Finishes Public Hearing on Better Housing by Design; Written Testimony Accepted Through Nov. 21st

A Notice from the City of Portland: Better Housing by Design E-UPDATE: November 8, 2019 City Council finishes public hearing on Better Housing by Design proposals – will consider amendments on...

Multifamily Marketwatch Podcast - November 11, 2019

Developers in Portland may be required to deconstruct homes built before 1940; Senator Ron Wyden introduces legislation that would make changes to opportunity zones; political action spending in...

Portland Housing Bureau Sets Public Hearing for Thursday 11/7 on Rental Screening/Deposit Administrative Rules

The following information was received today from the Portland Housing Bureau for rules slated to take effect March 1, 2020. The Portland Housing Bureau is releasing two sets of Administrative...

Multifamily Marketwatch Podcast - November 4, 2019

This week: the Federal Reserve and interest rates; Oregon and Washington politicians promise to work together on the Interstate Bridge project and a new government report on climate change and real...

Fed Cuts Interest Rates for Third Time in 2019

The Federal Reserve announced Wednesday that it will be cutting the benchmark interest rate to a range of 1.5%-1.75%. This is the third rate cut in 2019, and the ninth since 2015. Unlike earlier this...

U.S. Census Releases Rental Vacancy Rates for Q3 2019: Seattle ranks 10th, Portland 11th Lowest

Greater Seattle has the nation's 6th lowest rental vacancy rate while Portland ties for 11th with two other U.S. metro areas. The U.S. Census Bureau reports that the third-quarter 2019 rental...

Multifamily Marketwatch Podcast - October 28, 2019

This week: the City of Portland repeals its placard and tenant notification requirements for unreinforced masonry buildings; real estate and construction professionals in the pacific northwest...

Portland City Council Repeals URM Placards, Convenes Committee to Reduce Seismic Risks

The Portland City Council voted yesterday 4-0 to repeal the placarding and tenant notification requirements for unreinforced masonry buildings. Mayor Wheeler was not present for the vote because he...

ULI Emerging Trends in Real Estate 2020 Breakfast in Portland

At the ULI Emerging Trends in Real Estate 2020 breakfast in Portland this morning, local experts discussed the strengths and weaknesses in the Portland market, as well as what the region should be...

Multifamily Marketwatch Podcast - October 21, 2019

A report finds that rents in most Portland area cities are flat or declining while those in the valley and Eugene are increasing; the Portland water bureau is building a corrosion control facility to...

City of Portland Upcoming Workshops for Multifamily Owners on Rental Screening and Other Laws

The Rental Services Offices of the City of Portland is offering a traveling helpdesk for landlords with questions about their rights and obligations under the Portland City Code, including the new...

Portland Metro Area Rents Decreased in September, but Rents in the Valley Are Picking Up

RentCafe released its rent report for September 2019 - while many Portland metro area cities have seen slight decreases month over month, rents in the Willamette Valley and along the southern part of...

Multifamily Marketwatch Podcast - October 14, 2019

This week: Under orders from a Federal Judge, the Portland City Council will have a public hearing October 23 on the court's mandated rollback of its ordinance requiring placards on unreinforced...

Washington Multifamily Housing Association Releases 2019 Legislative Summary

The Washington Multifamily Housing Association has released its summary of 2019 legislative activity for Washington State. Read and download the report here. HFO Investment Real Estate specializes in...

City Council to Consider Repealing URM Placard Requirement October 23rd

The Portland Tribune reports that the Portland City Council plans to consider repealing the URM placarding requirement at a meeting on October 23rd. According to lawyer John DiLorenzo, the City has...