Richard K. Green

Affiliation: University of Southern California

Richard K. Green, Ph.D., is the Director of the USC Lusk Center for Real Estate. He holds the Lusk Chair in Real Estate and is Professor in the School of Policy, Planning, and Development and the Marshall School of Business at the University of Southern California.

Prior to joining the USC faculty, Dr. Green spent four years as the Oliver T. Carr, Jr., Chair of Real Estate Finance at The George Washington University School of Business. He was Director of the Center for Washington Area Studies and the Center for Real Estate and Urban Studies at that institution. Dr. Green also taught real estate finance and economics courses for 12 years at the University of Wisconsin-Madison, where he was Wangard Faculty Scholar and Chair of Real Estate and Urban Land Economics. He also has been principal economist and director of financial strategy and policy analysis at Freddie Mac.

His research addresses housing markets, housing policy, tax policy, transportation, mortgage finance and urban growth. He is a member of two academic journal editorial boards, and a reviewer for several others.

His work is published in a number of journals including the American Economic Review, Journal of Economic Perspectives, Journal of Real Estate Finance and Economics, Journal of Urban Economics, Land Economics, Regional Science and Urban Economics, Real Estate Economics, Housing Policy Debate, Journal of Housing Economics, and Urban Studies.

His book with Stephen Malpezzi, A Primer on U.S. Housing Markets and Housing Policy, is used at universities throughout the country. His work has been cited or he has been quoted in the New York Times, The Wall Street Journal, The Washington Post, the Christian Science Monitor, the Los Angeles Times, Newsweek and the Economist, as well as other outlets.

Dr. Green earned his Ph.D. and M.S. in economics from the University of Wisconsin-Madison. He earned his A.B. in economics from Harvard University.

Visit: Real Estate and Urban Economics Blog




Richard K. Green's Latest Articles | 85

Good News and Bad News on Race and Housing

Jan 31, 2012| 

Ed Glaeser and Jake Vigdor find that all-white neighborhoods are a thing of the past.  They find: The most standard segregation measure shows that american cities... Read »

Why Fannie and Freddie will Likely Last

Dec 23, 2011| 

I was talking with SF Chronicle columnist Kathleen Pender yesterday, and she shared a trenchant observation:  now that Congress has figured out a way to use the... Read »

Why to Worry about Chinese House Prices

Dec 21, 2011| 

Getting good data from China is problematic, but it is pretty clear house prices there are falling (see here, here and here).  At first blush, this shouldn’t... Read »

Who Would Pay a 73 Percent Income Tax? Not Necessarily the Rich

Dec 7, 2011| 2

A paper which is receiving considerable attention (see here, here and here) is Diamond and Saez’s Journal of Economic Perspectives piece on optimal marginal... Read »

Housing: Is it Gloom, or is it Underwriting?

Dec 6, 2011| 

More depressing house price numbers from Core logic this morning, with prices falling 1.3 percent month-over month.  The National Association of Realtors says buyer... Read »

Disparities in Mortgage Lending

Nov 18, 2011| 

The Center for Responsible Lending’s research team of Carolina Reid (who has been working tirelessly at developing data on subprime mortgages for some time... Read »

Are Teachers Overpaid?

Nov 9, 2011| 

A recent study by John Richwine and Andrew Biggs of the Heritage Foundation and the American Enterprise Institute purports to show that teachers are on average overpaid.... Read »

Austerity is A Problem, But So is Fear

Sep 30, 2011| 

Paul Krugman this morning argues that fear of fear is phony.  He is almost certainly correct that fear is not the number one problem at the moment–if I had... Read »

Allowing Underwater Borrowers to Refinance Could Improve Investors’ Sharpe Ratio

Sep 18, 2011| 

Consider borrowers with 6 percent 30-year mortgages that are 20 percent underwater.  Assume that the probability that any one borrower will default in any one... Read »

Ten-Year Treasury Below 2 Percent!

Sep 7, 2011| 

If I am reading this graph correctly, we are at a 130 year record: Those bond vigilantes sure are being vengeful.  And how about that S&P downgrade? The good... Read »

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