In the News

Desert Sun: Vacancies drive rent down in Coachella Valley

Submitted by lusk-admin on

Dr. Delores Conway, director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate, is quoted in the May 3, 2009 edition of The Desert Sun:

Vacancies drive rent down in Coachella Valley
The Desert Sun
By Debra Gruszecki

...Apartment rents are falling in the Coachella Valley, as unemployment kept a grip on the Inland Empire and as tenants who were still collecting checks bought affordable homes.

Realtor: Bargains Hard to Find in Attractive Areas

Submitted by lusk-admin on

Tracey Seslen, Professor at the USC Lusk Center for Real Estate, is quoted in the May 5, 2009 edition of Realtor Magazine:

Bargains Hard to Find in Attractive Areas
Realtor Magazine

...Potential buyers in areas that were hard hit by the housing downturn have read about bargains, but only find it disappointing when they go shopping...

San Gabriel Valley Tribune: Recession steers West Covina development projects in a change of course

Submitted by lusk-admin on

Richard Green, director of USC Lusk Center for Real Estate, is quoted in the May 5, 2009 edition of the San Gabriel Valley Tribune:

Recession steers West Covina development projects in a change of course
San Gabriel Valley Tribune

...Nearly completed townhomes sit vacant off Grand Avenue. Developers of 88 industrial and office condominiums on San Bernardino Road asked for a 5-year extension because they can't afford to build. And a condo project on Workman Avenue was stopped six months into construction.

Investor's Business Daily: Bank Tests May Change Mortgage Lending but Extent of Impact Debated

Submitted by lusk-admin on

Stan Ross, Chairman of the Board of the USC Lusk Center for Real Estate and Distinguished Fellow was quoted in the May 8, 2009 edition of Investor's Business Daily:

Bank Tests May Change Mortgage Lending but Extent of Impact Debated
Investor's Business Daily

...Will ailing real estate get a boost now that the biggest banks know the results of federal stress tests?

Long Beach Business Journal: Second Quarter Finds Markets Searching for Signs of Rebound

Submitted by lusk-admin on

Gary Painter, USC Lusk Center for Real Estate, is quoted in the May 12, 2009 edition of the Long Beach Business Journal:

Second Quarter Finds Markets Searching for Signs of Rebound
Long Beach Business Journal

...The battered U.S. real estate market is still weak, but local economists and industry professionals say they are closely watching for signs that a rebound may be on the way.