Multifamily Forecast

By Jeff Collins

If the past year is any indication, apartment rents will continue dropping in central and coastal portions of Los Angeles County through the next year, with rent hikes occurring everywhere else in the Southern California, a University of Southern California multifamily forecast said Monday.

For example, the Koreatown-Mid City portions of L.A. will see rent decline 1.2% over the next year, while west Riverside and San Bernardino counties will see rent hikes of 9-10%.

By Jeff Collins

If the past year is any indication, apartment rents will continue dropping in central and coastal portions of Los Angeles County through the next year, with rent hikes occurring everywhere else in the Southern California, a University of Southern California multifamily forecast said Monday.

For example, the Koreatown-Mid City portions of L.A. will see rent decline 1.2% over the next year, while west Riverside and San Bernardino counties will see rent hikes of 9-10%.

By Jeff Collins

If the past year is any indication, apartment rents will continue dropping in central and coastal portions of Los Angeles County through the next year, with rent hikes occurring everywhere else in the Southern California, a University of Southern California multifamily forecast said Monday.

For example, the Koreatown-Mid City portions of L.A. will see rent decline 1.2% over the next year, while west Riverside and San Bernardino counties will see rent hikes of 9-10%.

By Vicky Nguyen 

REDONDO BEACH, Calif. – America is widely known as the land of opportunity, but not all opportunities are created equal.

“Anytime you move, it’s always a challenge,” says 30-year-old Paul Thomas.

Thomas is CEO of his own company Vitality Agency and specializes in regenerative medicine consulting. Nine months ago, a job opportunity pushed him and his family to Southern California and now a new opportunity is pulling them to Nevada.

Despite an election year, the remnants of a trade war and tension with Iran, economists and local experts forecast all real estate markets to continue with trends similar to 2019: stable. Richard Green, director of the USC Lusk Center for Real Estate, said economic indicators, such as low unemployment and increasing wages, bode well for all real estate markets.

By Andrew Khouri

Mario Canel met his wife inside the apartment where he’s lived for the last 33 years

Canel, a house painter, was at the Silver Lake complex off of Sunset Boulevard on a job, but he and his customer quickly connected over their shared Guatemalan roots. It wasn’t long before Mario and Sabina married, and her home became his. For years, they basked in such comforts as plucking chayote from a vine outside their front window.

by Andrew Khouri

Home builders are pulling back from new construction, the opposite of what economists say is needed to ease California’s housing affordability crisis.

In the first six months of 2019, builders gained approval for 51,178 new homes in California, nearly 20% fewer than the same period a year earlier. That puts the state on track for the first meaningful annual decline since the recession.

The average renter saw a $78 increase in monthly rents in the past 12 months By Jack Katzane

By Jack Katzanek

A scarcity of vacant apartments not seen since before the Great Recessionhas pushed the average monthly rent in the Inland Empire up 5.1% in the last year to an average $1,532, a report released last week says.

STATE OF AFFAIRS

Four in ten Republicans say they support President Trump's populist version of the GOP. So says a USC Dornsife/Los Angeles Times poll. Meanwhile, the San Diego GOP launches a news site of its own.

Guests:

• Marisa Lagos, KQED 
• Zach Courser, Claremont McKenna College

SOCAL HOUSING GOAL