Thursday, January 19, 2017

MPF Research: Portland/Vancouver Has Solid 2016 Performance

MPF Research reports that the Portland/Vancouver metro area showed solid performance in 2016, although demand is slowing somewhat amid increased supply. Read more.

Wednesday, January 18, 2017

HFO January Roundtable Has Been Rescheduled to January 27th

Our January, 2017 event has been rescheduled from Thursday, January 12 to Friday, January 27. There is no change to the timing or content of the program. This event is filled to capacity.
If you were previously scheduled to attend and you have not yet reconfirmed your reservation with us, we are in the process of attempting to contact you via telephone and email. You may also email us at service@hfore.com or contact our office at (503) 241-5541 and speak to any broker or staff person about your reservation.

Portland in Top 10 List of Cities Where Land Value Exceeds Property Value

Using data from the Lincoln Institute of Land Policy, Realtor.com compiled a list of the top 10 cities in the United States where the value of the land sitting under a property exceeds the value of the structure itself. Eight of the ten cities on the list are on the West Coast, with six of those in California (San Francisco, San Jose, Santa Ana, Oakland, Los Angeles, and San Diego are the top six cities on the list). Seattle is ranked #9 and Portland is #10, while Boston and Miami are the only East Coast cities represented. Read more.

Tuesday, January 17, 2017

Gov. Brown's Proposed Ban on No-Cause Evictions Dividing Landlord & Tenant Groups

The Portland Mercury recently published an article titled "Eviction Wars," which covers the gulf between tenant and landlord groups regarding no-cause evictions.  Governor Brown is proposing a bill for the 2017 legislative session that would ban terminating month-to-month leases without "due cause." Portland Tenants United is accusing landlords of using rent money to "buy off" politicians, while Multifamily NW is encouraging politicians to look beyond anecdotal evidence. Read more.

Wednesday, January 11, 2017

HFO TEAM BRAVES THE SNOWPOCALYPSE!

First in the office: Aaron Douglas, Marketing Director, followed by Todd Tully (L) and Camille Mayeux (R) and shortly after, Mary Beth Christopher (not pictured).

Tuesday, January 10, 2017

Housing Bills Coming Up in the 2017 Legislative Session

The Oregonian has published a list of 6 housing bills that will be proposed during the 2017 Oregon Legislative Session, which begins February 1st. Among the proposals are lifting the ban on rent control, a ban on no-cause evictions, a rent-guarantee program, and other initiatives that seek to assist homeowners. Speaker of the House Tina Kotek has already indicated her support for both rent control and the no-cause eviction ban. Recently, Representative Knute Buehler wrote an opinion piece in the Oregonian regarding the downsides of rent control. See the full list of proposed housing bills here.

Portland Named One of the Best Cities for Job Seekers

Employee recruiting website ZipRecruiter, which declared 2017 the "year of the job seeker," ranked Portland #3 on its list of best cities for job seekers. The ranking is based on the ratio of openings to job seekers in each city. Most of the cities on the list were in the Midwest region, where many tech companies have been setting up shop due to low cost of living. Seattle at #6 and Boston at #10 were the only other coastal cities in the top 10. Read more.

Monday, January 9, 2017

Willamette Week: "The Worst of Portland's Housing Crunch May Be Over"

In a story posted on Saturday, Willamette Week's Nigel Jaquiss reports that Portland's housing supply appears headed for stabilization as construction catches up with demand. Read more.