Up Close and Local: Portland Market Update
Is a correction on the horizon for Portland?
Apartment deliveries in Portland are about to hit their biggest volume levels of the current economic cycle. These completions will come at a time when rent growth has already slowed to a level below the US norm — and after a period when the metro was a contender for the national lead in price increases. Is this metro’s performance likely to stumble in the near term? Join us as RealPage experts Greg Willett and Adam Couch share their insights.
- Apartment demand influences
- Rent affordability constraints in a market where incomes are low (by West Coast standards)
- Investor interest in the local apartment base
Adam CouchMarket Analyst, RealPage, Inc.
Adam Couch is a market analyst with RealPage’s Data Analytics division. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets. He graduated from the University of North Texas with a degree in Finance and was a part of the Student Investment Group. Adam has traveled extensively throughout China where he studied international policy and its impact on macroeconomics.
Greg WillettChief Economist, RealPage, Inc.
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.