February 9, 2009
...Delores Conway, director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate, stressed that January is a slow month and might not give an accurate picture of the market. Additionally, the market has not stabilized yet.
"I think the Westside will continue to see more pressure with unemployment rising in the financial services industry," Conway said. "We've already corrected a lot in the housing market last year, but now we have the recession and unemployment putting pressure on the market. What's certain is the uncertainty."...