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EconomyFeatured

The Simple Analytics Of Why California Home Prices Will Soon Fall

by Lee Ohanianvia California on Your Mind
Tuesday, December 11, 2018

The median price of a single-family home in California has increased to about $546,000. This is a record high, and is more than 80 percent above the 2012 median of $300,000. California home prices are likely peaking now, and I expect that they will decline soon. 

In the News

Why A Housing Cool-Off May Leave Consumers Unperturbed This Time

quoting Robert E. Hallvia Bloomberg
Tuesday, November 13, 2018

In a post-financial-crisis world, the phrase "housing market slowdown" has a ring of impending disaster.

In the News

California'a Fire Dilemma: Rebuild Knowing Same Homes Will Burn Again?

quoting Alice Hillvia King 5
Monday, November 12, 2018

California faces dilemma: Rebuild after fires?

Blank Section (Placeholder)PoliticsFeatured

Housing Policy Reform: Economic Policy Challenges Facing California’s Next Governor

by Lee Ohanian, Jesús Fernández-Villaverdevia Hoover Institution
Monday, October 29, 2018

California is ranked forty-ninth in housing affordability. According to Zillow, the median home value in California in July 2018 was $541,800, compared to the national median price of $218,000, which is a premium of about 150 percent over the national average. Only Hawaii and Washington, DC, have higher median home values than California.

Featured

Southern Nevada’s Artificial Housing Crisis

by Richard A. Epsteinvia Las Vegas Review-Journal
Saturday, September 29, 2018

The issue of housing reflects both distinctive regional concerns on the one hand and larger theoretical issues on the other.

The StateFeatured

$541,800 And Climbing: California Policy Makers Drive Up Housing Costs Yet Again

by Lee Ohanianvia California on Your Mind
Tuesday, October 2, 2018

In June, the California Energy Commission voted to require that almost all new California housing construction (beginning in 2020) have rooftop solar panels, as well as expensive energy-efficient appliances, windows, insulation, and lighting. 

HousingFeatured

Why California Has A Housing Shortage—And Why Housing Prices Are So High

by Lee Ohanianvia California on Your Mind
Tuesday, September 4, 2018

Silver Lake is a three-square-mile neighborhood in central Los Angeles and home to roughly 32,000 residents. A dispute between a Silver Lake service station owner who wishes to build fourteen residential units at that location and local government that is trying to prevent this new development illustrates why real estate prices are so high in California, and why it is so difficult to build new housing in the state.

Analysis and Commentary

We’ve Failed To Secure Our Coasts — We Must Build Resilience Before It’s Too Late

by Alice Hill, Roger-Mark De Souza, Katharine J. Mach, Christopher B. Field, Meaghan E. Parkervia The Hill
Wednesday, June 27, 2018

As record-setting rains pummel South Texas and Ellicott City struggles to recover from another deadly flood, we are experiencing more reminders that the United States is facing more severe and frequent extreme weather events. Last year’s hurricane season was the most expensive season to date — and arguably one of the most deadly on record. In the eight months since Hurricanes Harvey, Irma, and Maria struck our shores, are our coastal areas better prepared for the coming storms?

Interviews

Richard Epstein - Seattle Condemns Success: 2 of 2

interview with Richard A. Epsteinvia The John Batchelor Show
Tuesday, May 15, 2018

Part 2: Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Senseless In Seattle."

Interviews

Richard Epstein - Seattle Condemns Success: 1 of 2

interview with Richard A. Epsteinvia The John Batchelor Show
Tuesday, May 15, 2018

Part 1: Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Senseless In Seattle."

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