LOS ANGELES (Business Wire) – Falling apartment rents across Southern California reflect the current recession as unemployed tenants move away or double up with friends or family while the affordability of foreclosed homes turns some renters into buyers.
LOS ANGELES - The USC Lusk Center for Real Estate has started a real estate blog on its website (http://blogs.usc.edu/lusk) featuring up-to-the-minute postings by USC Lusk Center faculty on developments in real estate markets nationally and interna
LOS ANGELES - Stan Ross, chair of the University of Southern California Lusk Center for Real Estate, has been through 10 real estate cycles in his career and says there are many benefits to be gained from the current downturn if companies take the right steps to stay in business. In fact, he believes the survivors will become highly productive, more efficient, stronger teams operating with increased transparency for the good of the industry.
LOS ANGELES - In the first study of immigrants buying homes in mid-size areas across the United States, researchers at the University of Southern California Lusk Center for Real Estate showed an increasing number of new Americans are choosing to put down permanent roots outside the major gateway cities, lured by less competition for jobs and growing neighborhoods of fellow immigrants.
Gen Y will spur a new era of innovation and bring optimism to real estate
Rents predicted to remain flat for Orange County, San Diego County and the Inland Empire for the next eight quarters; Los Angeles County to see minor decline
A 25 percent increase in employment searches reflects changes in the industry's outlook
In his 2012 real estate industry forecast, University of Southern California Lusk Center for Real Estate (www.usc.edu/lusk) Chairman of the Board Stan Ross points to debt management as the key to surviving in a highly volatile market.
"There's a massive amount of debt still outstanding, from mortgage debt to institutional debt to state debt and the federal deficit. We need to refocus on debt management and the balance sheets." Ross says.
Annual USC Lusk Center for Real Estate forecast reveals signs of slow market recovery
The 2012 Casden Multifamily Forecast from the University of Southern California Lusk Center for Real Estate reveals a strong performance for the local multifamily market in 2011 and predicts more growth over the next two years.