The 2013 USC Casden Multifamily Forecast projects two more years of rent increases in Southern California as the region’s rental housing market continues to absorb units faster than it completes them.
The latest USC Casden Multifamily Forecast report predicts that rents will continue to rise in the region despite new construction, as demand for rental housing continues to increase.
Developers are building apartments at a fast pace in Southern California, but they’re not creating new supply quickly enough to force down rents, a USC report said.
Southern California residential rents are likely to rise for two years as home prices climb and apartments remain in short supply, according to a study by the University of Southern California’s Lusk Center for Real Estate and the state’s Realtors group.
Most art galleries are situated in close proximity to wealthy clientele, rather than in low-rent neighborhoods favored by artists, a four-year study by the USC Lusk Center for Real Estate has found. While some might say, “Duh!” one of the study’s authors, Jenny Schuetz, said the findings “counter the common and somewhat romantic perception that galleries locate in gritty artist communities.”
Jenny Schuetz and Richard Green argue that their study of art galleries and real estate show that galleries are actually opened in high-end Manhattan neighborhoods instead of bohemian ones.
Richard Green describes that in this current market identifying the best option when it comes to buying versus renting isn't as cut and dry as in previous years.
The gig: After a long career as one of the country's most influential real estate accountants, Stan Ross is teaching and mentoring college students as chairman of the USC Lusk Center for Real Estate.
Curbed LA featured an excerpt from an August 24 Los Angeles Times article, which included a quote from Richard Green regarding renting versus selling in this market.
Richard Green explains that rising home prices and falling foreclosure rates naturally occur at the same time.