In the News

By Jeff Collins

If the past year is any indication, apartment rents will continue dropping in central and coastal portions of Los Angeles County through the next year, with rent hikes occurring everywhere else in the Southern California, a University of Southern California multifamily forecast said Monday.

For example, the Koreatown-Mid City portions of L.A. will see rent decline 1.2% over the next year, while west Riverside and San Bernardino counties will see rent hikes of 9-10%.

By Jeff Collins

If the past year is any indication, apartment rents will continue dropping in central and coastal portions of Los Angeles County through the next year, with rent hikes occurring everywhere else in the Southern California, a University of Southern California multifamily forecast said Monday.

For example, the Koreatown-Mid City portions of L.A. will see rent decline 1.2% over the next year, while west Riverside and San Bernardino counties will see rent hikes of 9-10%.

By Andrew Khouri

Millions of Americans unable to pay their rent during the pandemic face a snowballing financial burden that threatens to deplete their savings, ruin their credit and drive them from their homes.

By Ally Nguyen

After more than eleven months of widespread uncertainty for coronavirus devastated entire industries, and brought incalculable financial loss. However, along with permanent closures for retail and hospitality establishments are the continuous expansion of e-commerce and online shopping, which has brought along industries that we were not thought of like the real estate sector.

BY GREG CORNFIELD

Building permits surge as voter-approved incentive program increases potential investment returns on affordable housing in eligible LA neighborhoods.

By Neha Garg

Bill Witte, a resident of Laguna Beach, is President and CEO of Related California. Courtesy of Related California

The Lusk Center for Real Estate at the University of Southern California, a nationally recognized real estate research center, appointed Bill Witte of Laguna Beach as chair of the board on Thursday.

LOS ANGELES – February 4, 2021 – The University of Southern California’s Lusk Center for Real Estate, a nationally-renowned real estate research center, announced today the appointment of Bill Witte, chairman and CEO of Related California, as board chair and Nadine Watt, CEO of Watt Companies, as vice chair.

The average median home price rose 8.3% in the region last year, while 2020 transactions edged up 1.6%, figures from CoreLogic/DQ News show.

By Jeff Collins and Jonathan Lansner

Despite a raging pandemic that shuttered businesses and idled workers, the Southern California housing market came galloping back in 2020 from early coronavirus jitters.

By Michael Aushenker