Interdisciplinary Context

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Real estate holds a profound impact on individuals, families, neighborhoods, and the very shape and future of cities. An inherently interdisciplinary field, real estate involves the private sector, community groups, government agencies, other property owners, and even the media.

City planners make critical decisions about a project’s impact on the community, transportation systems, and economic development. City managers consider the effects of a new project on the municipality’s operations and budget. Construction managers oversee the physical aspects and timing. Financing is essential to project feasibility. Developers must gain approvals from city governments, planning commissions, and communities. Multiple participants contribute to the success or failure of every real estate project.

A process this complex must be approached in a similarly multifaceted way. A policy, planning, and development school like USC Price incorporates the breadth to address both the economic and broader community characteristics. The Price School made a long-term commitment to the study and teaching of real estate in all its aspects, and built an unsurpassed infrastructure for developing advances in knowledge that shape policy and practice worldwide.

Price faculty research has far-reaching impact locally, nationally, and globally:

Neighborhood

  • home ownership and the implications of fostering increased ownership
  • neighborhood change, gentrification, and residential discrimination
  • small market and neighborhood dynamics
  • historic preservation
  • food deserts
  • real estate cycles’ effect on neighborhood retail services
  • the relationship between art galleries and gentrification
  • specialty retail, such as medical offices in shopping centers

National

  • all aspects of housing: mortgages, pricing, demographics, demand, land use, housing policy, and access to credit
  • the way firms and households choose where they will work and live
  • the Community Reinvestment Act’s influence on the behavior of lenders and credit markets
  • mortgage securitization and a financing realm nimble, responsive, and transparent enough to avoid creating risks that are not understood
  • immigrant housing
  • urban redevelopment
  • equal access to resources, and systemic barriers that deter home ownership
  • new greenhouse gas emission standards’ effect on modes of transportation and transit-oriented housing
  • the Baby Boom generation’s impact on life-cycle demand for housing
  • policy approaches to building in floodplains and along coastal areas

International

  • the need for improved shelter in the developing world
  • urban resilience to risks caused by climate change
  • transportation infrastructure’s impact on urban growth and land-use patterns
  • land use integration into infrastructure systems and vice versa

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