HFO Multifamily Marketwatch for Oregon and SW Washington

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.

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 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.

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 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.