Research Briefs

What Housing Bubble? USC Expert Says It Doesn’t Exist.

Submitted by lusk-admin on

LOS ANGELES -- The recent surge in housing prices is driven not by speculative fever but by the fundamentals of supply and demand, says Raphael Bostic, Ph.D., Director of the USC Casden Real Estate Economics Forecast. Dr. Bostic, a former senior economist with the Federal Reserve Board of Governors, is available to discuss the dynamics of a classic housing bubble -- created by speculators hoping to make fast returns by buying homes and quickly selling them at higher prices.

“When buyers see home prices rising, they decide to jump in to the market while they can still afford housing.

Los Angeles Region’s Sluggish Recovery to Continue in 2003, Says USC Casden Real Estate Economics Forecast

Submitted by lusk-admin on

LOS ANGELES (Business Wire) -- The gradual but uneven recovery of the Los Angeles region’s economy will continue in 2003, with the strongest growth in the Inland Empire and the weakest in Los Angeles County, according to a regional outlook issued today by the USC Lusk Center’s Casden Real Estate Economics Forecast. Orange and Ventura counties should have moderate growth next year.

The regional outlook was presented at the Reality Check on Growth conference comprised of government, business and real estate leaders gathered today on the USC campus.

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