AirTalk: Foreign Homebuyers Down, Hispanic Homeownership Up, Black Homeownership Down
For the first time in decades, homeownership numbers for black and Hispanic people living in the U.S. are going in different directions.
In the News
When Affordable Housing in Shanghai Is a Bed in the Kitchen
In this sector of the city’s informal housing rental market, as many as 24 people can be crammed into a three-bedroom apartment.
By Linda Poon
Multi-Housing News: Why Affordable Housing Is Key to Overall Economic Prosperity
In California, and many other expensive states, the lack of reasonably priced homes impacts job growth, income growth and overall economic health, contends the director of the USC's Lusk Center for Real Estate.
By Richard K. Green
Bankrate: Mid-year review: What’s happening in housing, and more important, what’s not
By Natalie Campisi
The first half of 2019 bore promising gifts to eager homebuyers, namely low mortgage rates and slowing home price growth. This comes, however, amid a deepening shortage of affordable housing throughout the country.
Mortgage rates fell below 4 percent, applications zoomed
Builder: California's Housing Fault Line: Shifting Demographics
USC economist and demographer share insights and concerns about California’s housing market.
By Jennifer Castenson
Many challenges face the California housing market. Buyers and renters are confronted with ever-increasing prices brought on by escalating costs that builders and developers are dealing with as a consequence of more and more demanding regulations.
Los Angeles Times: A $1,800 apartment became a $3,300 corporate rental. Is that bad for housing?
By Andrew Khouri
Last week, an upstart company started providing furnished apartments for business travelers on Franklin Avenue in Hollywood. Its website describes a “tastefully renovated” apartment complex with “laid back West Coast DNA” and a feeling of “whimsical Italian modern maximalism.”
Connect Media: USC Lusk Center Executive Forum Planned in Orange County
The University of Southern California’s Lusk Center for Real Estate will host an event in Orange County titled “The Lusk Executive Forum – Continuing Orange County’s Economic Leadership: Pathways for the Next Generation.” Top real estate leaders will share insights on the industry and Orange County markets, and how they influence and are shaped by the broader SoCal economy.
The evening forum is set for Wednesday, June 26, at the Fashion Island Hotel in Newport Beach.
Los Angeles Times: Amid housing slowdown, Southern California prices rise slightly in April
By Andrew Khouri
The sluggish Southern California housing market showed signs of perking up in April, as prices ticked up one month after they fell for the first time since 2012.
In a report released Wednesday, real estate firm CoreLogic said the six-county median sales price climbed 1.4% from a year earlier to $527,500. Sales, meanwhile, were up nearly 12% from March — far more than the average 2.2% month-to-month increase seen in April as the home-selling season heats up.
Los Angeles Times: Home prices fall in Southern California for the first time in 7 years
By Andrew Khouri
The Southern California median home price dipped slightly in March from a year earlier, the first annual decrease since 2012 and a sign of a remarkable downshift from the once-sizzling regional housing market.
Los Angeles Times: Bay Area leads charge on fixing housing crisis. Will it work for the rest of California?
By Liam Dillon
California lawmakers have unveiled a far-reaching package to stem the state’s housing affordability crisis, including new protections against surging rents and evictions as well as more apartments near public transit and in coastal communities.
The proposals could reshape the state’s housing landscape — and they all come from Bay Area politicians.