Partner Reports

 

 Fading Promise: Millennial Prospects in the Golden State

Joel Kotkin, RC Hobbs Presidential Fellow in Urban Futures at Chapman University presented his latest whitepaper at an event hosted by C.A.R.'s Center for California Real Estate in Sacramento on May 2, 2017.
 
In a state where housing prices are 230 percent above the national average, California's millennial generation faces unprecedented economic challenges and diminished prospects with respect to housing, according to Kotkin's report. Millennials' incomes are not higher than those in key competitive states, but the costs they must absorb, particularly for housing, are the highest in the country. Their prospects for homeownership are increasingly remote, driving substantial out-migration from the state. The report, sponsored by CCRE, found California has experienced a net loss in migrants for at least the last 15 years.


Understanding and Challenging Opposition to Housing Construction in California's Urban Areas

UC Whitepaper cover imageHousing in California is unaffordable to most households. Limited construction relative to robust job growth is one of the main causes.  This study describes how local opposition to new housing construction suppresses new housing supply, and does so in an unequal way across metropolitan areas.
 
This report, written by Paavo Monkkonen, Associate Professor of Urban Planning at the University of California Los Angeles was the result of a lecture and whitepaper competition sponsored by C.A.R.'s Center for California Real Estate through the University of California open to all nine campuses. Professor Monkkonen presented his winning research on housing, land use and development at the UC Center in Sacramento on December 1, 2016.


The Center for California Real Estate is proud to feature the UCLA Economic Letter from the UCLA Anderson Forecast and the UCLA Ziman Center for Real Estate. The Letter provides new insights into the major economic and real estate concerns of the day in a quickly digestible format. It draws upon original research, policy analysis and forecasts produced by UCLA academics and Forecast economists.

To read all the latest Economic Letters from UCLA experts, please click here.

Be sure to add your name to the subscriber list to personally receive all Economic Letters by email.


 Rebuilding Housing Finance: Thoughts from California on Federal Reform

In collaboration with the Milken Institute, the CALIFORNIA ASSOCIATION OF REALTORS® released a report on housing finance, which features insights from C.A.R. CEO Joel Singer, as well as prominent voices from banking, state government, and academia. The report was generated by a special panel session at the Milken Institute’s prestigious California Summit, an invitation-only event that took place in November 2013.

C.A.R. and its Thought Leadership program played an integral role at the summit by helping to shape this special session on finance reform, including facilitating Singer’s involvement as a lead discussant so that the interests of real estate professionals were strongly represented.


 







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