April 10, 2008
...Forecast director Delores Conway said the apartment sector should weather the housing slump and credit squeeze as long as Southern California doesn't lose large numbers of jobs. "Renting remains attractive when mortgages are harder to obtain for high-priced homes," she said.
While the national economy is flirting with recession, she said the local apartment market is supported by demand for trade, regional economic strength and higher-paying jobs in health care and professional services. "We're transitioning to a slower market," she said...