"Paul Habibi, professor of real estate at the UCLA Ziman Center for Real Estate also cites economic forces at work: 'As the dollar strengthened last year, you saw foreign money get increasingly desperate to park itself into American assets,' he says. 'It’s creating a bit of a frenzy, with lots of cash and people bidding up prices. People from out of town are never going to get the best deals, because they don’t have the insider knowledge of the market.'"
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About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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