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 | 90

If it is All About Age, What Should the Homeownership Rate Be?

May 7, 2012| 

Last week’s report of a continuing drop in the homeownership rate to its 1997 rate of 65.4 percent made me decide to revisit a question I looked at in a... Read »

Has the Variable Rate Mortgage Saved the European Mortgage Market?

Apr 23, 2012| 

Just as in the United States, many European countries have had large run-ups and crashes in house prices. Consider the data from the European Central Bank below:... Read »

How Apartment Rents and Vacancies can Rise (or Fall) Simultaneously

Apr 11, 2012| 

We at the Lusk Center put out the Casden Forecast for apartment economics in Southern California every spring. When we put out our San Diego numbers last week, we... Read »

Why Owning a House May Not Be the American Dream

Mar 13, 2012| 

Lots of societies outside of America seem to have a preference for home-ownership. I have spoken to policy makers and scholars in several countries–India,... Read »

Banks Seem to be Lending

Mar 9, 2012| 

The Flow of Funds data for the fourth quarter of 2011 is out.  Total net lending by commercial banks and savings institutions has been solid for two quarters in... Read »

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 »

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