HFO Multifamily Marketwatch for Oregon and SW Washington

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.