California will meet climate change goals with more housing density in its cities

The Los Angeles Times reports that by 2030, residents will have to travel by foot four times more frequently than they did in 2012, alongside a nine-fold increase in bicycling over the same time, and a substantial boost in bus and rail ridership, climate officials say. Getting people out of their cars in favor of walking,…

So Cal apartment rents will continue to rise through 2018

“Population and employment growth are driving up demand faster than new inventory can hit the market,” said Raphael Bostic, interim director of the USC Lusk Center for Real Estate, which collaborated on this week’s [USC Casden Multifamily] forecast with Beacon Economics, a Los Angeles consulting firm.