April 10, 2008
... "The Southern California apartment market is poised to weather the housing downturn and credit crunch as long as job losses are not too severe," says Delores Conway, Ph.D., director of the Casden forecast...
...Conway says apartments in Southern California will remain in demand. "Renting remains attractive at a time when mortgages are harder to obtain for high-priced homes. Although the national economy is skating close to a recession, the apartment market is supported by demand for trade, regional economic strength, and higher paying jobs in healthcare and professional services," she says...