The New York Times quoted Richard Green of the USC Lusk Center on why a lack of affordable housing is likely the main culprit for people leaving California. “Overwhelmingly, the people who have left California have been those who make $50,000 a year or less, while until recently, we still Read more…
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…
Los Angeles Times quoted Richard Green of the USC Lusk Center about declining housing prices in Southern California. Richard Green, director of the USC Lusk Center for Real Estate, has said prices could fall 5% to 10% over the next two years. The Realtors group predicts prices across the state will be essentially Read more…
The New York Times quoted Richard Green of the USC Price School in a story on risky home loans. And not paying principal during the initial interest-only period just makes the amortization period of the loan shorter, said Richard K. Green, a professor of real estate at the University of Read more…
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…
Business Nowfeatured research by USC’s Lusk Center for Real Estate and a partner on the affordable housing crisis. The study comes as markets across the state are dealing with an affordable and workforce housing crisis. “There is a poor match between people’s housing cost and incomes right now, and no Read more…
Curbed L.A.featured research by USC’s Lusk Center for Real Estate on rising rents in Los Angeles. The average renter will spend a little over $90 more per month on housing in 2020 than in 2018, according to the report. “The way to raise vacancy rates is to build more,” said Read more…
Commercial Observerquoted Sherry Bebitch Jeffeof the USC Price School about the California gubernatorial race. Newsom, 50, the former San Francisco mayor currently serving his second term as California’s lieutenant governor, is the expected frontrunner to Cox, 62, a multimillionaire real-estate investor, recently endorsed by President Trump.But, as seen in the Read more…
BusinessNow quoted Richard Green of the USC Lusk Center on the trend in Los Angeles to require private funding for new stadium projects.
Los Angeles Times quoted Richard Green of the USC Lusk Center on how building dense housing around public transportation hubs is good city planning.
ABC News Los Angeles affiliate KABC-AM interviewed Richard Green of the USC Lusk Center on why it is unlikely the price of homes in Southern California will go down soon
Curbed LA cited research by Richard Green of the USC Lusk Center that suggests California rents will continue to rise over the next two years. Across the country, wages have lagged behind growth in rental prices, and the same is true in LA. Between 2005 and 2016, rents shot up 17.5 percent, while Read more…
San Francisco Chronicle quoted Richard Green, director of the USC Lusk Center, on how the GOP tax reform bills might influence homeownership trends in California. Richard Green, a real estate professor at the University of Southern California, calculated that if Congress got rid of the mortgage interest deduction entirely, it might reduce Read more…
Long Beach Business Journal noted research by Richard Green of the USC Lusk Center about the declining number of available units for Los Angeles County’s growing population. “We’re not building enough housing. We calculated that Los Angeles County should be building about 35,000 units per year. It’s building about 25,000 units,” Richard Green, Read more…
KPCC-FM’s “Take Two” quoted Richard Green in an article titled “Latinos are denied mortgages because they’re great savers. Really.” Green commented on why Latinos are often denied mortgages despite large saving accounts. That’s in part because lenders rely heavily on credit scores to make their decisions, and Latinos don’t build Read more…
Richard Green, director of the USC Lusk Center for Real Estate, was elected as a global trustee of the Urban Land Institute (ULI), a nonprofit education and research institute that aims to provide leadership in responsible use of land and the creation of sustainable, thriving communities. Green, who holds the Read more…
Originally posted at USC Price, March 30, 2015 by USC Price Staff Vincent Reina is a Ph.D. student in Public Policy and Management at the USC Price School of Public Policy. His research interests are primarily in housing and urban development, and his current research focuses on the affordability of Read more…
