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Oregon Sets Maximum 2022 Rent Increase at 9.9%

by Josh Lehner, Economist Oregon Office of Economic Analysis I know some of you may be scratching your heads given inflation is currently running hot and the recent deep dive into the outlook for inflation. The reason why next year’s maximum allowable rent increase is relatively tame comes down to fact the law uses as 12 month moving average...

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HFO Multifamily Marketwatch

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. Listen to our latest podcast. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners...

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Portland Metro Apartment Update with HFO Partner Greg Frick

HFO Partner Greg Frick at his most animated--offering his thoughts on current apartment market trends in the Portland Oregon metro area. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at...

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Rent Collections Down Even as Rent Growth Breaks Records; Portland Up 11.3% and Seattle up 9.5% Year-Over-Year

In a retroactive survey of 2020 rent collections survey results show a significant decrease in collections. Rent growth in 2021 however appears to be another story. Bloomberg Harvard City Leadership Initiative, the Harvard Joint Center for Housing Studies, and the Housing Initiative at the University of Pennsylvania conducted the 2020 rent survey...

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HFO Multifamily Marketwatch - September 13, 2021

This week: rents grow at historical levels, and multi-family investors remain attracted to Portland. Listen to our latest podcast. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at...

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Where's the Money? Landlord and Tenant Groups Threaten to Sue King County

Things in King County, Washington are similar to Multnomah County and the rest of Oregon in terms of funding distribution of tenant and landlord COVID relief funding. But in this case, the landlords and tenants are threatening lawsuits. Read more in the Seattle Times. HFO Investment Real Estate specializes in multifamily brokerage sales and...

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Attorney Update for Oregon Landlords on Recent Legal Decisions

Oregon landlords have become accustomed to the frequency with which laws, regulations, and obligations change. This has been even more true during COVID-19, and this column has detailed many of those changes. This past month was filled with more of the same. At a national level, the Center for Disease Control eviction moratoriums case made its way...

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U.S.: Rents Grow as Vacancies Reach Historic Lows

The Rental Housing Journal reports on data provided by Apartment List on national rent trends. Read the story. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com

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Sold! 5 Units in Tigard

Click to Enlarge HFO is pleased to announce the successful sale of this Tigard 5-plex for our client! Congratulations to HFO brokers Stephen Wendt, Greg Frick, and the rest of the HFO team. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners...

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Demand Governor Brown Distribute Rent Relief Funds Now!

Multifamily NW has launched an informational campaign to help Oregonians better understand the Rental Housing Crisis created by COVID-19 policy decisions and the failure to disperse rental assistance aid. Visit OregonRentCrisis.comto quickly and easily send your thoughts to Governor Brown and read the latest stats on the hundreds of millions of...

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Multnomah County Says it May Not Disburse All Rental Funds Until After March, 2022

Street Roots news is reporting that county officials say it will take until next March to review all applications and they're not sure when they will dispense all funds. The County also has no idea how quickly they can distribute federal funds for approved applications. Multnomah County has received an estimated 14,000 applications and has paid...

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Report: July-August Rents Up: 2.1% Nationally, 1.6% in Portland, 4.3% in Seattle

Apartmentlist.com reports that few cities remain below pre-pandemic rent levels (including Seattle) with national rents up a staggering 13.8% since January. Rents in Portland ranked #59 among the nation's 100 largest cities. Year-over-year rent growth in Portland currently stands at 5% making July the first month that rents surpassed pre-pandemic...

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$204 Million to Give to Oregon Renters but $174 Million Remains Undistributed by State as Evictions Loom

According to the Oregon Housing and Community Services (ODHCS) website, the program "will distribute $204 million to qualified renters who have experienced financial hardship due to the coronavirus pandemic and are at risk of homelessness or housing instability." To keep everyone updated on the status of the availability of this assistance, ODHCS...

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HFO Multifmaily Marketwatch - August 30, 2021

This week we discuss the latest on rental assistance distribution, the Supreme Court ruling against the eviction moratorium, and where is wave of evictions will come from. Listen to our latest podcast. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment...

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"Super Commuters" up 45% Due to Housing Shortage

The number of people who drive more than an hour and a half to get to work has grown by 45 percent in the past 10 years, a new study reports. The increase is due to the inability to find affordable housing close to work. Read more. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real...

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Supreme Court Ends CDC Eviction Moratorium

On August 26, 2021, the United States Supreme Court struck down the Center for Disease Control’s (CDC) eviction moratorium. Landlords may now enforce eviction judgments for nonpayment of rent from July 2021 onward. Under Oregon law, deferred rent accumulated between April 2020 and June 2021 is not due until February 28, 2022. Any rent paid at this...

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Sold! 96-Units in Klamath Falls

HFO Investment Real Estate is pleased to announce the sale of Cedar Gardens Apartments in Klamath Falls, Oregon. Congratulations to lead broker Adam Smith and the rest of the HFO team! HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout...

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Sold! 26 Units in Vancouver, Washington

HFO is pleased to announce the Sale of Ridgewood Court and Evergreen Terrace. This portfolio of properties has 26 units. Congratulations to lead brokers Jack Stephens and Todd Tully and the rest of the HFO team! HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and...

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HFO Multifamily Marketwatch – August 23, 2021

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. Listen to our latest podcast. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services...

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Portland Housing Bureau Launches Eviction Legal Defense Program

The City of Portland announced it will contract with the Eviction Legal Defense program to help income-eligible renters with free access to an attorney. The Oregon Law Center was selected as the program provider after a public RFP. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real...

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