May 1, 2010
Apartment Market Shows Signs of Recovery for First Time in Five Quarters
Multi-Housing News
By Anuradha Kher
...Similarly, the outlook for Southern California apartment markets is mixed this year, with rents declining up to 3.5 percent in Los Angeles and Orange Counties, staying flat in Riverside and San Bernardino Counties, but inching upwards in San Diego County, according to the latest Casden Real Estate Economics Forecast from the University of Southern California (USC) Lusk Center for Real Estate.
The future health of the SoCal multifamily market continues to be shaped by jobs, housing prices, the shadow market and new construction, according to the report...