Market Conditions
Rent Rates Retracting in Portland Metro Service Area
Based on recent headlines and data it appears rental supply is increasing and will continue to as the sales market slows. Our Portland Metro Service Area has experienced rent rate declines slightly during the last 3 month period of Sept-Nov 2022. As Airbnb rental vacancies increase many are expected to filter into the long term…
Read MoreRental Housing Detached Units Declined 30 Percent in Portland
Not unexpected by those in the Rental Industry, Rent Control hurts those it intends to help. The Oregon Association of Realtors and Multi Family NW retained ECONorthwest to conduct an independent study. The study determined that rental housing declined 30 percent in the City of Portland from 2015 through 2020. Summary The number of single…
Read MoreSetting Market Rent in Oregon and What You Need to Know
The most common question among investment property owners is “how much can I rent my house for”? You cannot set your rent arbitrarily. Too high and you run the risk of longer vacancies. Too low and you’re losing potential income. Especially when your setting market rent in Oregon. There are many things that must be…
Read MorePortland Median Rents Continue Decline While Salem Sees Gains
Portland rents have declined sharply by 1.6 percent over the past month, and have decreased by 6.5 percent year-over-year, according to the latest report from Apartment List. This is the eighth straight month the city has seen rent decreases. Median rents in Portland are now $1,126 for a one-bedroom apartment and $1,313 for a two-bedroom. While…
Read MoreReal Estate Market Conditions Portland Area for May 2020
May Residential Highlights New real estate listings (3,419) decreased 30.3% from the 4,902 listed in May 2019, and increased 20.1% from the 2,847 listed in April 2020. Pending sales (3,112) decreased 5.5% from the 3,292 offers accepted in May 2019, and increased 52.5% from the 2,041 offers accepted in April 2020. Closed sales (1,963) decreased…
Read MoreHow the Housing Market Benefits with Uncertainty in the World
It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains,…
Read MorePlanning for Opportunity Zones Investments in Oregon
You’ll find detailed information in this video about Federal and State Opportunity Zone investing. On May 17, 2019, at the REALTORS Legislative Meetings & Trade Expo, NAR hosted a discussion on planning for opportunity zone (OZs) investments. The focus of the discussion centered around the question of how the REALTOR® community can engage in efforts…
Read MoreReal Estate Investor Review for the Portland Metro Market April 2019
There were 2,409 closings in the region in April, a 10.4% increase … 3 bedroom homes rent rates are on the rise.
Read MoreMulti Family Real Estate Review for the Portland Metro Market January 2019
Investor Highlights Rental Market 4+ units The rental market has heated up. In general tempers are flaring over looming Senate Bill 608 which passed the House and is onto the Senate where it is expected to pass. Comparing the current year most recent 12 month run to the prior period reflects a market weighted toward…
Read MorePortland and Salem Rent Trends Might Suprise You
Where do you think area rent trends are headed? The Portland and Salem Trends Might Suprise You. With all the media talk about the rising cost of housing in our local Northwest area, you would be likely to believe rents are out of control. That rents are rising and there is no end in sight.…
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