This week: Seattle apartment rents hit the skids in the 4th quarter as 10% of the city's units remain empty and rents in King and Snohomish counties dropped about 1.4%. Economist Joe Cortright explains why Portland's residential infill plan is a good start, but may not be enough to combat rising home prices in the long term. And the Federal Government finds Oregon has the highest rate of homeless families in the nation.
Oregon Lawmakers plan to consider limiting rent increases and ending no-cause evictions in this year's legislative session and a NY Times article looks at the phenomenon of smaller cities not wanting to be like Seattle or Portland and what it tells us about the pitfalls of urban growth.
Liz Abauf of Prosper Portland discusses recent developments with the Broadway Corridor, Lents, and Alberta area projects. Prosper Portland was previously known as the Portland Development Commission. Prosper Portland serves as the redevelopment and economic development agency for the City of Portland.
This week: TriMet may spend twice as much on free park-and-ride lots than affordable housing along a planned MAX line; a study by Zillow indicates that in cities with residents spending more than one-third of income on housing, homelessness increases; and local Portland governments are working on an agreement to use lodging and tourism tases for homeless services.
This week: The Seattle Planning Commission has found that restrictive single family zoning is contributing to segregation and income inequality; the Portland Housing Bureau is re-evaluating spending of the 2016 affordable housing bond with the recent passage of a recent change in state law, and a new study finds that low-income residents living in states with expanded Medicaid are less likely to miss rent and mortgage payments.
Oregon's governor released her proposed $23.6 billion budget which includes $406 million for new affordable housing units, construction financing, and programs to help the homeless; Portland State University's population research Center says Oregon grew by more than 50,000 residents in the past year, and the federal reserve signals it may less aggressive in raising interest rates over the next few years.
This week: Oregon economists are predicting that the state's economic growth will start to slow over the next two years, but do not anticipate a recession; local transportation advocacy groups are supportive of Portland's Central City in Motion plan, but have expressed concerns over a recently released parking loss mitigation strategy; and a new report in the Journal of Planning Education and Research finds that Millennial first-time home buyers are more likely to purchase homes near city...
This week: Now that the Portland City Council has approved a path for the proposed SW Corridor Max Line, the cities of Portland, Tualatin and Tigard have begun work on plans to upzone land near future stations.
Clark County homebuilders are seeing increasing demand for attached homes as prices continue to rise, but zoning in Vancouver limits even where duplexes can be built.
The trade war with China is impacting high tech companies throughout Washington.
And Portland is seeing a second...
This week: Houses in Seattle are selling below asking price for the first time in four years; a new Harvard study finds that the number of low-income renters is growing significantly faster than the number of affordable housing units; and economist Joe Cortright explains why housing can either be a good investment, or affordable -- but it can't be both.
This week: The US Treasury released new guidance for Opportunity Zone investments, which could be good news for developers; two new ECONorthwest reports find that a statewide housing shortage is contributing to regional unaffordability and homelessness; and a new survey from California reveals that voters there don't necessarily see eye to eye with academics and politicians when it comes to housing issues.
This week: Will Oregon's record low unemployment rate and increased hiring plans by employers put upward pressure on wages? The Portland metro area apartment vacancy rate remains relatively flat from a year ago according to a new report, and in Washington State, the legislature appears up for grabs in the midterm election which may result in rent control being taken up once again in the coming year.
On Sunday, the Oregonian/Oregonlive endorsed Knute Buehler for Oregon's next governor. Now that the race for governor is a statistical dead heat between Buehler and incumbent Democrat Kate Brown, we're making available the audio from Buehler's speech to apartment owners from our roundtable event held earlier this year.
This week: An 18-month review of the City of Portland inclusionary Housing Program leads the Housing Bureau to plan refinements to the program. The Portland City Council will vote Wednesday morning on an ordinance requiring owners of unreinforced masonry buildings to post signs stating the builds are unsafe. And the New York Times reports a national cool-down in the housing market as prices outpace wage growth.
This week: Metro Council is working now on plans to quickly allocate monies to build or preserve up to 3,900 units of affordable housing if a $516 million bond levy is supported by voters in next month's midterms; US Senator Elizabeth Warren proposes a federal bill that would raise estate taxes to bankroll a $500 billion fund for affordable housing.
This week: The Portland City Council plans to take up the matter of new rental screening criteria proposed by commissioner Chloe Eudaly on Thursday, October, 18th. The Portland Housing Bureau has loosened inclusionary zoning rules for condos; the mayor of Milwaukie, Oregon says that housing affordability is in crisis and plans to hold discussions for implementing a renter relocation policy like Portland's along with policies that encourage increased density.
This week: The Portland City Council vote on URM placard warning signs has been rescheduled to Wednesday, October 3rd; PBOT is narrowing its Central City in Motion Plan down to 18 project bundles, which now include cost estimates and impact analyses; and Victoria Transport Policy Institute founder Todd Litman has a number of ideas that could help cities increase housing and transit affordability.
This week: Oregon state economists predicted taxpayers might receive a large kicker in 2020 - the same year an economic slowdown is forecast; economist Joe Cortright explains why blocking new housing projects in low-income neighborhoods does not prevent displacement; and Adidas breaks ground on a significant expansion of its North Portland campus, which is expected to house 1,000 additional permanent workers.
This week: The City of Portland passes new zoning for mobile home parks, creating an obstacle for redevelopment; The President's tariff on building materials is causing projects to be scaled back or abandoned; The justice department announced its support for a lawsuit accusing Facebook of violating fair housing laws.