Southern California home sales, prices rose in July despite high unemployment
Los Angeles Times quoted Richard Green of the USC Lusk Center on rising home prices in Southern California despite rising unemployment. How long can the current upswing continue because, with the economy the way it is, we are going to run out of people who still have jobs who can Read more…
Dead deals, slashed prices: Coronavirus drags down Southern California home sales
Richard Green was quoted in a piece by the LA Times on housing prices in Southern Califoria amidst the pandemic.
Zillow stops buying homes, citing the coronavirus
Richard Green was quoted in an LA Times piece about the effect on the housing market as Zillow stops buying homes during the pandemic.
Economy And Housing Check-In: Southern CA Ahead Of Spring Selling Season
KPCC-FM “AirTalk” interviewed Richard Green of the USC Lusk Center for Real Estate on the state of the Southern California housing market and what housing experts expect to happen in the spring.
The Southern California housing market
CBS News Los Angeles affiliate KNX-AM interviewed Richard Green of the USC Lusk Center about the Southern California housing market. Richard Green anticipated a 5% to 10% percent decrease in housing price in the Southern California. Another problem is more people are moving out of California than moving in, which could result in Read more…
Realtors say Proposition 5 would ‘unlock the housing market,’ freeing up more inventory. Experts don’t agree
Los Angeles Timesquoted Richard Greenof the USC Price School on California move rates. Richard Green, director of the USC Lusk Center for Real Estate, theorized that California move rates weren’t lower in the Zillow data because many seniors are wealthy and can afford higher property taxes if they want to Read more…
Here are the housing markets that are going to get hammered by the Republican Tax Plan
Slate quoted Richard Green of the USC Lusk Center on how the Republican tax reform bill may negatively impact homeownership in California, but would not be catastrophic. Because they’re designed to cap popular deductions that benefit homeowners and limit the number of itemizers, the Republican tax bills are expected to put a dent Read more…
Acolin, Bostic, Painter publish new article in Journal of Urban Economics
Arthur Acolin, Raphael Bostic, and Gary Painter have published a paper in the Journal of Economics which tests for discrimination in the rental housing market against names which are recognized as belonging to specific immigrant groups. Acolin, Arthur; Bostic, Raphael; Painter, Gary. (9/2016) A field study of rental market discrimination across origins Read more…
Acolin, Bostic, Painter publish new article in Journal of Urban Economics
Arthur Acolin, Raphael Bostic, and Gary Painter have published a paper in the Journal of Economics which tests for discrimination in the rental housing market against names which are recognized as belonging to specific immigrant groups.
Why rents have gone through the roof in New Orleans and across the nation
Times Picayune ran commentary by Professors Raphael Bostic, the Bedrosian Chair in Governance, and Richard Green, Director of the USC Lusk Center for Real Estate, and colleagues on the continued nationwide increase in rental rates. Pointing to a slowdown in construction, smaller households, declining renter incomes, as well as the increase Read more…
Foreign buyers and the future of the SoCal housing market
High housing costs may be causing trouble for the Southern California housing market. Despite the fact that the state has some of the highest wages and job growth, many potential buyers are choosing to go out-of-state and foreign buyers are even pulling back. A stronger U.S. dollar could be to blame… Raphael Read more…
Director Bostic Weighs In on the SoCal Housing Market
by Justine Dodgen On June 23, Bedrosian Center Director Raphael Bostic joined AirTalk on KPCC to discuss Southern California’s housing market. As a whole, Bostic noted that the housing market is in good shape. “I think what we’ve seen is a pretty nice recovery… I think the bigger question is… that we Read more…
Impact of the housing market on elections
California led the nation in foreclosures this July, with over 56,000 homes going into foreclosure. While this number is down 16% from last year, it remains high. In fact, filings in the state of California represented over 25% of new filings.