Oregon's population increases after years of decline and the state's economic forecast grows brighter
Release Date: 12/03/2024
HFO Multifamily Marketwatch
This week we have strong demand in Portland, a rent surprise in Clark County, rising permit fees in Seattle, and a tenant measure in Tacoma drawing money from both sides. We’ll close with a save-the-date for our annual luncheon in January.
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Today we're talking about something that doesn't sound like market intelligence: the outside of your building. Specifically, siding. But this issue can eventually show up in your closing statements.
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Today is the Portland metro roundup, pulled from our summer newsletter. The cover feature is called The Quiet Part of the Cycle, and I think that title gets it exactly right.
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Today is our Clark County and Vancouver roundup. Our summer newsletter includes a full research report on this market, edited by Aaron Kirk Douglas, our director of market intelligence. I’ll walk you through the highlights. The full 47-page report, with charts and sourcing, is available free at hfore.com.
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Two things today. First, Christine Drazan, the Republican nominee for Oregon governor, sat down with HFO co-founder Greg Frick to talk about her thoughts on the best ways to speed up adding more housing in Oregon. We're going to walk through what she said and what it means for people who own, build and finance apartments in this state. Then we'll turn to some of the best economic news Oregon has gotten in more than a year.
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HFO Partner Greg Frick recently sat down with Mark Adams, managing director at Accruit, the third-largest qualified intermediary in the country and the largest independent of any title company to discuss 1031 exchanges.
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Portland’s largest apartment buildings face a potential carbon-compliance track, Washington’s rent cap gets its first major court test, and a Multnomah County jury turns a $287 repair dispute into a $32,000 verdict. Listen for news updates that affect multifamily owners and developers!
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Today we're talking money. Specifically, the debt and equity that makes every apartment deal possible. Our partner Greg Frick recently sat down with Matt Dzbanek, senior director of capital services at GREA, Global Real Estate Advisors, the national partnership HFO belongs to. Dzbanek places debt and equity coast to coast and has closed loans in nearly all 50 states, which gives him a national view most of us do not get.
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Today we are going to talk about a gap. This is not a supply gap, although we will get to that. I mean the gap between what the headlines say about this market and what the closing tables show. Because in Q2, those two things told very different stories, and the closing tables were a lot more revealing.
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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.
info_outlineAfter 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.