The way we live is rapidly shifting and what we call suburbs today will be completely different in a few years. USC Lusk Center for Real Estate directorRichard Green says suburbia isn't dying, but he did get some insight from local real estate execs on how it's changing.
The US real estate market has become a hotspot for real estate investment activities in the world, attracting millions of dollars from foreign investors. Total foreign investment into the US real estate market in 2013 stood at $37.8 billion. This is set to increase as investors from countries like Canada and China are increasingly placing more funds into the US real estate market, which is presently worth over $11 trillion. Foreign investors have been attracted to the high returns on investment in the US property market as a result of the stability that has returned to the economy.
A new study from the University of Southern California Lusk Center for Real Estate concludes that new U.S. household formation, a key driver of housing demand, has recovered after the job losses that accompanied the recession.
Despite optimism in most forecasts, it looks like 2015 is off to a faltering start for the housing industry.
January was a bad month for housing starts, completions and permits, reflecting perhaps the reason for homebuilder confidence to likewise be down for February.
If you rent an apartment, you might have noticed that you’re shelling out more in monthly payments than your home-owning neighbor, friend or coworker.
That’s because, according to Zillow, buying a home is now more affordable than renting in urban clusters. The company’s third-quarter 2014 Affordability Index estimates that median-income buyers can expect to spend about 15 percent of their income on a mortgage payment today, compared to renters shelling out about 30 percent.
Millennials’ decision to put off marriage is causing homebuyer levels to be “putrid,” Richard Green, director of the Los Angeles-based USC Lusk Center for Real Estate, tells GlobeSt.com.
Speakers Series is a forum for students to interact with and learn from real estate professionals and alumni. Lunch will be held in the Lewis Hall courtyard from 12:00 to 12:20 pm. The speaker presentation will be held in Lewis Hall room 101, starting at approximately 12:30 pm. There is no charge for MRED students and GREA members to attend. A $5 fee is charged to all others.
A generation of young people who are getting married later — or not at all — are also taking a different approach to one of the biggest financial decisions most of them will ever make. They no longer see marriage as a prerequisite to a mortgage.
Carlos Garcia is a 31-year-old law student at Santa Clara University. He and his girlfriend are thinking about whether to move back to their native Southern California or stay in the Bay Area after they graduate in 2016.
Either way, Garcia notes, they're looking at "literally the two most expensive parts of the country."
