UCLA Economic Letter Series

UCLA Economic Letter

The UCLA Economic Letter is the monthly communication of the UCLA Anderson Forecast and the UCLA Ziman Center for Real Estate. The Letter aims to provide new insights as to the major economic and real estate issues of the day in a quickly digestible format. In so doing, it draws upon original research, policy analysis, and forecasts produced by UCLA academics and Forecast economists. At the same time, it addresses the most pressing issues confronting us all. As the premier public university, it is the mission of the University of California to serve society as a center of higher learning and to provide long-term societal benefits through the discovery and transmission of advanced knowledge. The UCLA Economic Letter series seeks to support that mission.


The Inflation to Come in Housing, Healthcare and Wages

David Shulman

Market Incentives Can Help Real Estate Survive Climate Change

Matthew E. Kahn

Homebuyers: Proceed With Caution

Stephen D. Oliner and Edward J. Pinto

The Commercial Rent Blues
New Study Shows Rental Growth Is Slower and More Volatile Than Usually Perceived

Xudong An

Technology Vs Commercial Real Estate:
Retail, Office and Hotel Markets Face Major Disruptions

David Shulman

A Rent Crisis with Deep Roots:
Why L.A. is the Most Unaffordable Market in the U.S.

Silvia Jimenez, Paul Ong and Rosalie Ray

The Fed: Watchful Waiting This Year, Tough Choices Next Year:
What Happens With the Labor Market and Inflation Will Be Crucial

Stephen D. Oliner

Density Without Dingbats: L.A.'s Housing Crisis Solutions Are Right In Its Own Backyards

Dana Cuff


How Long Did it Take to Plan That Building?
Long and Getting Longer, Says the First Comprehensive Study on This Topic

Stephen D. Oliner

A Deeper Shade of Green Building
A Closer Look at Evidence Shows How Energy Use in Commercial Structures is Impacted by Structure Quality and Contract Incentive

Matthew E. Kahn, Nils Kok and John M. Quigley

What Is Predicting Long-Term Home Price Increases Across Cities?
Income, Human Capital, City Size and Climate All Contribute to Demand

William Wei-Choun Yu

How Fast Can the Economy Grow?
That Depends on Information Technology and Sensible Policy Actions

Stephen D. Oliner

Let's Privatize the Federal Deficit
Washington Is Incapable, So Taxpayers Should Settle the Deficit Directly

Edward E. Leamer

How to Predict the Fed
A Guide for the Perplexed

Stephen D. Oliner

Pollution Controls Boost Beach Attendance
Study Shows a Cleaner Santa Monica Bay Attracts up to 40% More People

Perla Atiyah, Neil Lessem, Linwood Pendleton and Ryan Vaughn

Debunking the Myth of Strategic Default
New Data Suggests That "Strategic" Defaults During the 2007-2009 Recession Were Relatively Rare

Kyle F. Herkenhoff

The Myth That Janet Yellen Is 'Soft' On Inflation
The President Should Beware Rolling the Dice With Summers; Yellen Is a Safer Bet

Stephen D. Oliner

The Google Fear Index: Internet Searches Paint a Clearer Picture of Homeowner Distress

Chandler Lutz

How Smart Phones Dialed up the Food-Truck Boom and Increased Access to Food Variety

Edward Kung and Elliot Anenberg

How to Create Workforce Housing From Transportation Hubs

Paul Habibi


Rebuilding the Housing Economy: The Multi-Family Boom Will Lead to a Rebound in Homeownership

David Shulman

The Great Land Price Swing
Lenders and Investors Beware: Land Is a Very Risky Asset

Stephen D. Oliner
October Can Metropolitan Housing Risk Be Mitigated Through Diversification?
A Cautionary Tale from the Recent Boom and Bust
John Cotter, Stuart A. Gabriel and Richard Roll
November How Real Is California's Housing Recovery?
Coastal and Inland Areas Tell Two Different Stories
Jerry Nickelsburg
December An Uneasy Look at Office Space Demand
Tech Tenants Aside, Market Will Remain Weak for Years to Come
David Shulman