By Jenni Fink
Federal unemployment benefits are set to expire at the end of the week, and experts worry that without a significant extension, America could face an immediate housing crisis and potentially a second, longer-term one.
By Hannah Madans
When the economy falters, one type of real estate usually avoids the fallout: student housing.
That’s because current 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 Roger Vincent
Billionaire hotel developer and shopping center magnate Rick Caruso is one of Los Angeles’ most prominent voices of pro-business centrism, known for building luxury outdoor shopping malls and leading the boards of public institutions such as the Department of Water and Power and the Police Commission.
He demanded a new headquarters for the LAPD that was later built and has been a prominent fundraiser for Republican candidates including Mitt Romney and John Kasich.
Now Caruso has joined the voices declaring that Black lives matter.
By Michael Aushenker
One casualty of the coronavirus may be the open office configurations which thrived until 2020, but the workfrom-home fade isn’t going to replace centralized workspace, according to designers, architects and builders interviewed by the Business Journal.
By Michael Aushenker
American Homes 4 Rent plans to reinvent itself for the next stage of U.S. economic growth – which it believes will involve millennials becoming homeowners.
In May, the Agoura Hills real estate investment trust, in a joint venture with J.P. Morgan Asset Management, launched its first project to build 34 single-family homes in the Sovana and Spring Valley neighborhoods of Las Vegas.
By Emily Henderson
Southern California home sales were down more than 30% last month compared to April 2019 according to the housing data firm CoreLogic. That's the biggest percentage drop in sales since 2008.
April was the first full month of California’s statewide stay-at-home order due to the coronavirus pandemic.
The last couple months have been a rollercoaster for Los Angeles-area realtor Ryan Ole Hass.
Industrial, multifamily figure to lead eventual rebound
By Hannah Madans
After a nearly decadelong winning streak, the Los Angeles real estate market has run up against a formidable foe in Covid-19.
While the pandemic is expected to pack a punch in the short-term, market watchers say it’s unlikely that L.A. real estate has met its match, especially in the long run.
Adam Smith is widely thought to be the father of what we now know as economics. The absentminded Scottsman argued that it wasn’t possible to use perfect mathematical models or probability when it came to making real-world decisions. Instead, he understood that probability of events could be estimated, but the estimations would be built around knowledge that was not sharp and clear like mathematical integers, but cloudy and amorphous—as we all know the real world to be.
Home prices hit record highs in Los Angeles and Orange counties in March and tied the record in San Diego County and in the region as a whole. Then the coronavirus pandemic hit.
By Jeff Collins
A routine report released Tuesday, April 28, paints a picture of a housing market that might have been, but thanks to the coronavirus outbreak, is no more.
Real estate stakeholders are on the sidelines trying to forecast just how much economic damage has been done, with many having their eyes toward the flood of forbearance requests mortgage servicers are fielding.
By Mariah Brown