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"In areas where home prices increased combined with higher mortgage rates, the pool of buyers decreases making flipping inherently riskier and ultimately not so attractive. Continuing Lecturer of Finance and Real Estate at UCLA Anderson School of Management Paul Habibi explains the fundamentals. “The big decline you see is from... Continue reading
Posted Aug 16, 2019 at UCLA Real Estate Wire
"David Shulman, the author of the forecast, is not surprised that a problem in the financial market is the likely culprit for the next downturn. “If you go back to the last three recessions, they were all financial induced recessions, or if not induced, they were exacerbated by problems in... Continue reading
Posted Aug 16, 2019 at UCLA Real Estate Wire
"We often see houses listed with the expectation of sellers that pricing has been continuing upward, and a lot of times, they price their homes by extrapolating continued upward market movement," said Paul Habibi, professor at the UCLA Ziman Center for Real Estate. "But once the market stalls out, those... Continue reading
Posted Aug 16, 2019 at UCLA Real Estate Wire
“I don’t think we need to worry this time around about a bursting of a credit bubble,” said Stuart Gabriel, director of the Ziman Center for Real Estate at UCLA. “We can cross that factor off the list.” [LAT: 11/4/18] Continue reading
Posted Aug 16, 2019 at UCLA Real Estate Wire
"Paul Habibi, a professor at the UCLA Ziman Center for Real Estate, agreed. "We have had a dramatic run-up in pricing in L.A. since the recession," he said, noting that in many in-demand areas, there were double-digit price increases for several years. "But it’s hard to continue that frenetic pace... Continue reading
Posted Aug 16, 2019 at UCLA Real Estate Wire
"In less than seven years, the median price of a home in Inglewood has more than doubled. It’s not just the stadium that’s enticing buyers, says Stuart Gabriel, director of the UCLA Ziman Center for Real Estate. The arrival of the Crenshaw/LAX rail line, which is set to open next... Continue reading
Posted Aug 16, 2019 at UCLA Real Estate Wire
"Eric Sussman, adjunct professor of accounting and real estate at UCLA, agrees. “I don’t think there’s any question that the housing market is slowing,” he says, adding that he “wouldn’t be surprised” if prices in LA start dropping “in the next few months.” If the market cools off in coming... Continue reading
Posted Aug 16, 2019 at UCLA Real Estate Wire
"Even in the most optimistic and hypothetical situation, the development would result in a community of homes that would have to sell at prices the city has yet to record in order to provide a decent return on investment, said Paul Habibi, a real estate entrepreneur and professor at the... Continue reading
Posted Aug 16, 2019 at UCLA Real Estate Wire
“At the recent UCLA Ziman Center and Fannie Mae Affordable Housing Symposium, tackling the issue of supply was the prevalent theme. Los Angeles County Supervisor Kathryn Barger provided an overview of the County's efforts to spur growth and implement Measure H funds for permanent supportive housing. However, Sup. Barger was... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
“At the recent Affordable Housing Symposium hosted by the UCLA Ziman Center and Fannie Mae, housing experts diagnosed underlying reasons to the lack of housing stock in the state’s thriving regions. TPR presents an excerpt of the panel, featuring Leslie Appleton-Young, CA Association of Realtors; Jonathan Lawless, Fannie Mae; and... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"McMansions often cram in the greatest amount of features for the lowest possible cost. A pastiche of overblown shapes and styles borrowed from different architectural periods are usually at play. “There are diminishing returns” for McMansions, said Paul Habibi, real estate professor at the UCLA Anderson School of Management. Additional... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"Paul Habibi, a finance and real estate lecturer at UCLA Anderson Graduate School of Management, said given the current housing crisis, this project is a "drop in the bucket" in terms of the total housing stock in Los Angeles, but "this is certainly a step in the right direction." "We... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
“Barriers to entry is the catchphrase,” said Paul Habibi, a professor at the UCLA Anderson School of Management. “Dense cities where there is nowhere to go but up, and an inability to introduce new supply, will lead to more price insulation.” Buyers should take a broad view of a market’s... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"The most recent Affordability Housing Policy Brief paper from UCLA Ziman Center for Real Estate explores the government’s recent approach to solving the housing crisis. Transit-oriented development, density and land-use controls have been the government’s focus to solving the problem—but are they working? GlobeSt sat down with Julia E. Stein,... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
“There’s no right or wrong answer,” says Eric Sussman, adjunct professor of real estate and accounting at UCLA. “But you’d better be thoughtful about it.How many people have $120,000 lying around?” Sussman asks. That’s one reason why he says the question of whether it’s better to buy or rent depends... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"Sales activity indicates that while some long-term investors are bearish on the consequences of climate change, others have no issue with it, according to Paul Habibi, a professor of real estate at UCLA." [LAT: 4/24/18] Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
“We have not seen enough new construction or an increase in housing stock of any kind,” said UCLA Ziman Center for Real Estate Professor Paul Habibi. He hopes that activity will pick up in the spring selling season, but “regardless of seasonality, inventory has been very low.” Mr. Habibi, who... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"For the past five years, prime L.A. locations have seen significant and continuous year-over-year price increases, resulting in properties almost doubling in value. “I like to say that $10 million is the new $5 million,” says Paul Habibi, a professor at the Ziman Center for Real Estate at the University... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"Suart A. Gabriel, a professor of finance and director at the Ziman Center for Real Estate at UCLA, writes, "The federal response merely created the possibility for distressed homeowners to apply for relief, without imposing ample incentive – or regulation – to induce lenders to make deals with homeowners. California’s... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"New research from UCLA Ziman Center for Real Estate analyzes the potential link between the affordability crisis and home sharing platforms, and found that a 10% increase in Airbnb listings equates to a .04% increase in rental rates. Home sharing also has an increase on home prices. When the stock... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"Nationally, the homeownership rate of 63.9% is likely kept down because more folks prefer to rent than buy, says Stuart Gabriel, director of the Ziman Center for Real Estate at the University of California, Los Angeles. High prices in many parts of the country are also preventing many would-be buyers... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
“We have a lot of land uses that are generally low density and don’t take advantage of infill,” says Paul Habibi, a real estate entrepreneur and UCLA professor. “Golf courses are a great example of that pattern. Agrihoods resurface that low-density, less-sustainable model, and instead create something with a triple-bottom... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"At the recent Affordable Housing Symposium hosted by the UCLA Ziman Center and Fannie Mae, housing and finance experts convened to discuss the barriers to underwriting homes and rental developments in underserved markets. After the 2008 financial crisis exacted a disproportional blow to low and middle-income homebuyers who were involved... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"The difference in this cycle is the organic first phase—the colonization by artists and other real estate pioneers—is either brief or nonexistent. Instead, developers in some areas are creating new “up-and-coming” neighborhoods out of whole cloth, taking advantage of the fact that many of today’s high-end buyers are less resistant... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire
"A recent affordable housing brief published by the UCLA Ziman Center for Real Estate reports the high cost of housing across California and beyond is a major concern for low-income families. According to the Ziman Center’s research, half of U.S. residents are rent-burdened, spending more than 30 percent of their... Continue reading
Posted Jul 23, 2018 at UCLA Real Estate Wire