Los Angeles

Central Avenue, the historic heart of South Los Angeles, has seen better days. Once the home to leading black institutions, like the famous Dunbar Hotel, where jazz and other musical greats stayed, it was also an industrial powerhouse that promised decent work for those fleeing the Jim Crow South.  read more »

The California economy may seem healthy on the surface, with home prices soaring, Silicon Valley booming and the state government posting big multi-year state budget surpluses thanks to a massive surge in capital gains tax revenues and income tax revenues from tech stocks.  read more »

Even today amid a mounting exodus among those who can afford it, and with its appeal diminished to businesses and newcomers, California, legendary state of American dreams, continues to inspire optimism among progressive boosters.  read more »

The Census Bureau recently released data on domestic migration that took place during the COVID-19 pandemic, and their findings were heavily covered in the press with headlines such as “Cities Lost Population in 2021” and “The pandemic city exodus revealed: New York, Los Angeles, San Francisco and Chicago lost the most residents.”  read more »

That rumbling you hear in the residential real estate market is SB9—either a silver bullet or a boogeyman, depending on where you stand.

Senate Bill 9 is the latest law with the potential to reshape California.  read more »

Has the California proposition changed fundamentally? And does it matter for real estate?

The answer to the first question is yes—the state had a net population decline in 2021, the first drop since it began annual counts more than a century ago.  read more »

This newly released report examines how the California dream can be restored for California's middle- and working-class families. An excerpt follows:  read more »

Some horrified conservatives dismiss California as the progressive dystopia, bound for bankruptcy and, let’s hope, growing irrelevance.  read more »

California is suffering a major demographic reversal, one that threatens both the state’s economic future and the durability of its progressive model.  read more »

For a generation, California has seen more of its residents and companies head elsewhere, but has found a way to respond, at least in terms of wealth creation, by constant innovation. But today, the Golden State’s hold on the elite reaches of the economy is slipping in ways that could threaten the state’s long-term prosperity.  read more »