CPE: Richard Green: The Retail Sector's Sandwich Performance
Richard Green discusses the current retail market sector with Commercial Property Executive
In the News
San Diego Union-Tribune: Should U.S. government be involved in the mortgage industry?
Richard Green and other experts explore the issue before Senate Banking Committee
The M Report: Bush, Lawmakers Mull Housing Finance, Past and Future
Richard Green presents his testimony regarding Fannie Mae and Freddie Mac at the Senate Banking Committee hearing
LA Streets Blog; Q&A with Measure R Oversight Committee Advisory Panel member Gary Painter
All things come to those who wait. In May I solicited input from readers of this blog for questions to ask Measure R Oversight Committee Advisory Panel transit system user members Gary Painter and Allison Yoh. The final set of questions I subsequently e-mailed Painter and Yoh included several that blog readers had suggested. Painter and Yoh sent their responses shortly thereafter. But in the meantime life happened and I had to put the task of doing the final writeup aside until now.
Bloomberg: Redwood Plans Second Mortgage-Bond Deal in Market of 2011
Richard Green and other experts explore the issue before Senate Banking Committee
Bakersfield Californian: New home construction in Bakersfield jumped in August
The 51 permits issued in August of this year were valued at $11,217,702. Coincidentally, 51 permits also were issued in August of last year, but their value was $28,231,327.
Richard Green, director of the University of Southern California Lusk Center for Real Estate, said he's unimpressed by the monthly increase.
"In a normal year, a city the size of Bakersfield would build a lot more than 51 houses in a month," he said.
The Street: 20 Years Until You Can Sell Your Home?
Many U.S. homeowners waiting for their house to be worth what they could have sold it for in 2007 or 2008 could be waiting 20 years, according to forecasters.
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Some markets, however are a different story. Washington D.C. and coastal California look to snap back pretty quickly, and New York's housing market has so far been on a solid trajectory toward recovery due to strong bank profits, according to Richard Green, director of the USC Lusk Center for Real Estate.
Reuters: Analysis: Housing market to limp along, government hands tied
The Fed's twist will help, but it won't be enough to turn around the troubled U.S. housing sector.
U.S. News & World Report: How Low-ball Appraisals Are Limiting the Housing Recovery
Gary Painter speaks on the topic of overly conservative appraisal standards holding back many real estate transactions
The Press-Enterprise: Job offers more plentiful for graduates
Working in real estate used to be golden in Inland Southern California. You could list a property on Monday, sell it on Thursday and take your spouse to dinner to celebrate by Saturday (sometimes).
Those days are gone, at least for now, and that dinner is probably a lot less expensive than it was when prices and commissions were peaking, but it looks like job opportunities in real estate for young professionals could be on the upswing.