Lusk Perspectives

University of Southern California
  • 5.0 (3)
  • EDUCATION
Lusk Perspectives

During a time of great uncertainty and change, connection and information is a more important resource than ever before. Today's problems could be amplified or completely altered in a matter of days or hours, so it is vital that organizations and thought leaders frequently share knowledge, dispel rumors, and offer insight. To meet this need, the USC Lusk Center for Real Estate launches the resource Lusk Perspectives. Hosted by Professor and Lusk Center Director Richard K. Green in the style of longform videos or podcasts, Lusk Perspectives offers timely analysis and shares accurate data vetted by leading experts on the latest developments and observations concerning COVID-19.

  1. MAY 16

    US Foreign Policy

    Jerrold D. Green (Research Professor, USC Annenberg and President & CEO, Pacific Council on International Policy) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to discuss a short list of global hotspots from a United States perspective. Green delivers insights and offers detailed context on Israel-Gaza, China, Mexico, Ukraine-Russia, and the unique position the US holds within the global economy and international relations. More: http://lusk.usc.edu/perspectives

    58 min

  2. MAR 13

    2024 Or Bust: The Economy, The Fed, And Fiscal Policy

    How will the US economy perform in 2024? Claudia Sahm (Founder, Sahm Consulting) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to discuss the US economy’s recovery from COVID along with additional shocks and infer the implications of the Federal Reserve’s playbook for 2024. Sahm’s key points: - The US economy undeniably turned a corner in 2023 - The US recovery remains stronger than its peer countries - The Federal Reserve will continue their conservative approach to rate cuts - The greatest risk to the market in the near future is the Federal Reserve’s sluggish response Sahm also fields questions on the risk that commercial real estate and regional bank distress poses to the economy, the Federal Reserve’s limits on impacting housing affordability, and more. More: https://lusk.usc.edu/perspectives

    53 min

  3. 02/27/2023

    U.S.-China Relations

    Clayton Dube (Director, USC U.S.-China Institute) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to discuss the condition of U.S.-China relations and the latest developments in China’s global influence on trade, supply chain issues, technology, and more. Dube highlights a challenge Chinese officials are watching closely in the coming years: stalling economic growth. To approach the “middle-income” problem, Dube notes the ways in which the government has both relaxed and tightened its grip on markets in an effort to continue the economy’s upward momentum.   Included in the discussion: Security concerns between the U.S. and China The important distinction between China’s total Gross Domestic Product (GDP) and GDP per capita How China’s tech rivalry with the U.S. is evolving Why Chinese firms have overpaid in key U.S. real estate transactions   More: https://lusk.usc.edu/perspectives

    59 min

  4. 12/14/2022

    2023 Global Economic and Market Outlook

    Joyce Chang (Managing Director & Chair of Global Research, JPMorgan Chase & Co.) delivers an overview of global economic trends to watch heading into 2023 and beyond. In the near term, Chang sees a mild recession taking effect in late 2023, with a true “soft landing”, as identified by the Federal Reserve, being unlikely. She notes that overall cycles may be shorter, with a likelihood of 4-year recessions rather than the historic 8 or 10, and markets that rally faster to regain losses. Included in the long-term outlook are remarks on China’s slowing growth, regions that could benefit from supply chain shifts away from China and nearshoring, and the political divides in the US around ESG (Environmental, Social, Governance) projects and investing. Richard K. Green (Director, USC Lusk Center for Real Estate) also fields questions on the US housing crisis, how rapidly rising interest rates could affect regional banks and nontraditional finance, the implications of a global aging population, and more. Timestamps: 00:00 Introduction 01:48 Presentation 41:08 Q+A   More: https://lusk.usc.edu/perspectives

    1h 1m

  5. 12/07/2022

    2022 Casden Multifamily Forecast Report

    Lusk Director Richard K. Green delivers highlights from the 2022 Casden Multifamily Forecast. Before Green gives a breakdown of Southern California multifamily real estate markets, he pauses to discuss four uncertainties impacting the region. Inflation, interest rates, net migration, and the impending recession are all top-of-mind issues that could dilute the forecast’s potency should any of the factors take a dramatic rise or dip. As for the forecast, Green reviews historical and forecasted data on each market, including overall economic resiliency, net migration since the pandemic began, construction activity, vacancy rates, rent growth, and more. Regions covered include Los Angeles, Orange County, San Diego, the Inland Empire, and Ventura. More: https://lusk.usc.edu/perspectives

    48 min

  6. 09/20/2022

    Leadership and Rethinking Work

    An industry panel discusses the changing dynamics of office work in real estate and beyond. By now, it’s apparent that some version of remote work is here to stay for a dominant number of firms. Remote and hybrid work can solve serious employee issues like flexibility, commute times, and even productivity. However, the new work arrangements are not without drawbacks. Moderator Mary Lynne Boorn (Associate Professor, USC Sol Price School of Public Policy) invites Allison Lynch (Compass Ventures), Amalia Paliobeis (Senior Director, Portfolio Management, AvantStay), and Brandi Popovich (Vice President, Talent Acquisition, SoLa Impact) to bring insights from their unique perspective on hiring and retention, adaptive management styles, office space, and to discuss lessons learned in distributed work environments. Included in the discussion: - The new costs of mandating an entirely in-person work week - How remote environments impact mentorship - Crucial in-person activities for employees and employers - Strategies for preserving company culture   Links to mentioned resources: The Work/Life Integration Project - http://worklife.wharton.upenn.edu/   More: https://lusk.usc.edu/perspectives

    59 min

  7. 08/25/2022

    Are Appraisals and Assessments Biased?

    Racial bias in home appraisals and assessments is not just an anecdote. Norm Miller (Hahn Chair & Professor of Real Estate Finance, University of San Diego and Vice President, Homer Hoyt Institute), Ruchi Singh (Assistant Professor, University of Georgia), and Richard K. Green (Director, USC Lusk Center for Real Estate) discuss the statistically significant racial and ethnic biases in appraisals and tax assessments. Miller details the benefits of automated valuation models, but he also cautions that using machine learning without human oversight of variables can result in a different set of biases. Singh shows how assessments are regressive, often resulting in a mismatch of a lower property value with higher property taxes. She also points out contributing factors, including why excluding information like nearby schools or the condition of the home can set the assessments in opposition to appraisals.   More from the discussion: How to make the assessment process fairer The importance of loan-to-value ratios in underwriting Pressure appraisers face in avoiding errors Why short-term and long-term appraisal models will be required to avoid bias   Relevant links: New York Times Story: Home Appraised With a Black Owner: $472,000. With a White Owner: $750,000. https://www.nytimes.com/2022/08/18/realestate/housing-discrimination-maryland.html   Freddie Mac: Racial and Ethnic Valuation Gaps In Home Purchase Appraisals https://www.freddiemac.com/research/insight/20210920-home-appraisals   William Sprigg’s Perspective: https://lusk.usc.edu/events/racial-justice-and-economics-crucial-pairing   Freddie Mac’s Appraisal Institute Diversity Initiative: https://www.appraisalinstitute.org/the-appraisal-profession/appraiser-diversity-initiative/   More: https://lusk.usc.edu/perspectives

    59 min

  8. 07/22/2022

    ADU Construction Financing: Opportunities to Expand Access for Homeowners

    Industry practitioners in lending and policy discuss the research and recommendations in the recently released paper “ADU Construction Financing: Opportunities to Expand Access for Homeowners.” The joint paper, produced by the UC Berkeley Terner Center for Housing Innovation and the USC Lusk Center for Real Estate, compiles national data and stakeholder interviews to provide a picture of the hurtles to financing and what barriers could be removed to bring ADU construction to scale.   Included in the discussion: Recent updates to Freddie Mac’s ADU policies How friction during financing curtails homeowner commitment Appraisal gaps in accurately assessing ADU value The role contractors play in mitigating financial risk The importance of targeted consumer protections as more data emerges Paper Link: https://lusk.usc.edu/adu-construction-financing-opportunities-expand-access-homeowners   Introduction and Sponsor Remarks: Richard K. Green (Director, USC Lusk Center for Real Estate) Amy Anderson (Senior Vice President, Wells Fargo Foundation) Racheal Meiers (National Leader, Economic Opportunity, Kaiser Permanente)   Federal Context: Erika Poethig (Special Assistant to the President for Housing and Urban Policy, The White House Domestic Policy Council) Diane Slemmer (Single Family Affordable Lending Manager, Freddie Mac)   Panel Discussion: Ben Metcalf (Managing Director, UC Berkeley Terner Center for Housing Innovation) Meredith Stowers (Branch Business Development Manager, Cross Country Mortgage, LLC) Susan Geddes Brown (Chief Executive Officer, Core SGB, LLC) Samar Jha (Government Affairs Director, AARP)   More: https://lusk.usc.edu/perspectives

    1h 18m
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Ratings & Reviews

5
out of 5
3 Ratings

About

During a time of great uncertainty and change, connection and information is a more important resource than ever before. Today's problems could be amplified or completely altered in a matter of days or hours, so it is vital that organizations and thought leaders frequently share knowledge, dispel rumors, and offer insight. To meet this need, the USC Lusk Center for Real Estate launches the resource Lusk Perspectives. Hosted by Professor and Lusk Center Director Richard K. Green in the style of longform videos or podcasts, Lusk Perspectives offers timely analysis and shares accurate data vetted by leading experts on the latest developments and observations concerning COVID-19.

Information

  • Creator
    University of Southern California
  • Years Active
    2020 - 2024
  • Episodes
    64
  • Rating
    Clean
  • Copyright
    © University of Southern California
  • Show Website
    Lusk Perspectives

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