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 a biased…

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 in house…

Does Airbnb decrease housing values, as Miami Beach mayor says?

PolitiFact quoted Richard Green, director of the USC Lusk Center, on whether absorbing Airbnb units into the housing market would have a real impact on rental prices. Green, the real estate professor at the University of Southern California, said that focusing on Airbnb doesn’t get to the heart of the matter — “that cities are making…

Housing guru Raphael Bostic: What the Ghost Ship fire reveals about California’s housing problem

Los Angeles Times’ Patt Morrison Asks Q&A column discusses Los Angeles’ bleak housing market with Raphael Bostic and what the Ghost Ship fire reveals about California’s housing problem. I think the problem is we just don’t have enough units to do anything and so people are trying to make do with the structures that exist. The…

Daily Trojan quotes Bostic in “USC studies impact of housing prices on businesses”

Raphael Bostic, Bedrosian Chair in Governance, was quoted by the Daily Trojan regarding a recent study which looks at the impact of affordable housing on Los Angeles businesses. Preliminary findings of the study, which have already been released, were presented last Friday at the Mayoral Housing, Transportation and Jobs Summit to show the issues ahead of…

Bostic and Green op-ed featured in Times Picayune

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 in the renter population following…

AirTalk: 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 Bostic joins Lawrence Yun chief economist at the…