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.
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.”
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.
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.
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.
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.
By Roger Vincent, Los Angeles Times
The first step into a posh new apartment building near Marina del Rey in Los Angeles County, Calif., feels like a mistake. There’s no lobby — instead, the door opens to a lounge and kitchen. The idea is to encourage mingling, which is part of the appeal of a building where tenants have their own bedrooms but share common areas with people they don’t know.
By Rob Hayes
LOS ANGELES (KABC) -- Southern Californians may love their weather and beautiful scenery, but good luck buying your first home. A new study released by Bankrate.com shows Los Angeles is one of the worst metro areas for first-time homebuyers.
Apartment prices may have grown “about as high as the market can bear”
By Elijah Chiland
It’s not just home values leveling off in Los Angeles.
By Brandon Richardson, Senior Writer
Continued low interest rates are keeping residential and commercial real estate markets healthy, according to local experts and economists, who noted rates did not increase as expected last year. Sales and leasing activity is increasing across all property types. The exception is the single-family market, which has experienced decreasing sales and increasing inventory in recent months.