USC report: Average LA rents will go up $91 by 2020

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 Richard Green of the USC Price School.

Report: Southern California’s Affordable Housing Crisis Not Just Limited To Low-Income Households

Business Now featured 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 amount of sorting will, by itself, fix this issue,” said Richard Green of the USC Price School.

For tenants on the edge, paying the rent often takes more than half their income

Los Angeles Times quoted Richard Green of the USC Lusk Center on why declining incomes do not result in lower rents. In theory, rent growth shouldn’t consistently soar past gains in income. But Richard Green, director of the USC Lusk Center for Real Estate, said his research shows that while rising incomes push rents up, when…

Welcome to the crisis: Your frequently asked California housing questions answered

Los Angeles Daily News (in a CALmatters story) quoted Richard Green of the USC Lusk Center about the California housing crisis and what a healthy vacancy rate would be for rental units. Vacancy rates are kind of like unemployment rates or even inflation, says Richard Green, director of the University of Southern California’s Lusk Center…

Study: Rent in San Diego to see steep rise by 2018

Apartment-dwellers in San Diego County can look forward to the highest projected rent increases in Southern California over the next two years, thanks to growing demand and low vacancy rates, according to a report [USC Casden Multifamily Forecast] released Tuesday….”Though multifamily construction permits are back to pre-recession levels and have provided some relief, population and…

Without affordable options, families in N.J. will continue struggling to make rent

Raphael Bostic, Director of the Bedrosian Center and Interim Director of the Lusk Center for Real Estate, wrote an op-ed piece in New Jersey’s Star Ledger on housing affordability. Our society has long promised a chance at advancement for those who work diligently and strive for success. Unfortunately, we are not providing enough opportunity for…