By Jeff Collins
The notion that renters are using the pandemic as an excuse to take a rent holiday is a myth, a joint study by UCLA and USC released Monday, Aug. 31, found.
Landlords have complained since the start of the pandemic that tenants would refuse to pay rent if they weren’t going to get evicted.
By Kasi Johnston
Before the coronavirus pandemic, 371,000 new apartments across the country were planned for 2020, but as a result of complications and delays caused by the current global crisis, only 283,114 are expected. That’s down 12% from apartments delivered in 2019, according to Yardi Matrix, a U.S. real estate software company.
By Hannah Madans
When the economy falters, one type of real estate usually avoids the fallout: student housing.
That’s because students still want to live near campus. Others, who see an economic downturn as motivation to pursue additional education, also find themselves in the market for housing close to their universities.
By Ben Jones
By Andrew Khouri
Southern California home sales and prices jumped in July as households brushed off economic uncertainty and rushed to take advantage of rock-bottom mortgage rates.
Across the six-county region, sales of new and previously owned houses, townhouses and condos rose 27.7% from June and managed an increase of 2.5% from the pre-pandemic days of July 2019, according to data released Thursday by DQNews.
Cantil-Sakauye: Lawmakers ‘have had since March’ to address eviction crisis
By Greg Cornfield
The Judicial Council of California, which sets policy for the state’s court system, voted 19-1 on Thursday to end emergency rules halting evictions and judicial foreclosure proceedings by Sept. 1.
The rollercoaster year of economic volatility — and competing forecasts for a post-COVID-19 recovery — have created havoc for business plans for 2020 and beyond.
We spoke with John Loper, an associate professor of real estate at the University of Southern California's Price School of Public Policy and president of Palm Tree Communities Consulting Inc. Drawing on his more than 25 years of real estate development experience, Loper shared insights into how commercial real estate investors and developers can adapt to the changing economic climate.
By Brandon Richardson
Despite the economic woes brought on by COVID-19, including historically high unemployment, a mixture of assistance programs has kept renters in their homes, stalling any major impacts to the multifamily market.
“I’m not surprised vacancy rates aren’t going up,” said John Loper, associate professor of real estate at the USC Price School of Public Policy. Loper noted that even those who would be vacating space in normal circumstances are staying put.
By Brandon Richardson
The COVID-19 pandemic, for better or for worse (mostly for worse) has left no industry untouched, including all commercial real estate markets. Across all markets—industrial, office and retail—vacancies have increased but that has not translated to a decrease in asking rents.
Around 20 storefronts along 2nd Street in Belmont Shore sit vacant. Photo by Brandon Richardson.
Industrial
The company’s financial commitment will enable equal opportunities for students interested in affordable housing development.
LOS ANGELES – National syndicator of federal and state low-income housing, historic and solar tax credits, Hunt Capital Partners has pledged a financial commitment to the University of Southern California’s Stan and Marilyn Ross Minority Program in Real Estate.