April 10, 2008
...Delores Conway, director of the Casden study, said the smaller forecast is still good for landlords after an economic slowdown that saw the county lose 21,800 jobs - 1.4 percent of its payroll jobs - in the 12 months ending in February. Raising rents is tough when people are losing jobs, she said...
...Conway said the "shadow market" of condos and houses that have been converted into rentals during the real estate downturn also might be contributing to apartment vacancies...