Spectrum News 1 featured Richard Green of the USC Lusk Center on rising house prices being tied to people not moving. “In California, we have a law that encourages that behavior. It’s Proposition 13, which basically limits how much property taxes can go up as long as you live in that Read more…
Los Angeles Times quoted Richard Green of the USC Lusk Center on rising home prices in Southern California. “[F]alling mortgage rates during the pandemic enabled buyers to bid up the prices of homes while keeping monthly payments roughly the same.” Full article here
Los Angeles Times quoted Richard Green, director of the USC Lusk Center, on his expectations for rising home prices. This is different than the housing bubble, which was fueled by real estate speculation, Green said. Now it’s a simple case of low supply and high demand in an area that is attracting Read more…