Dr. Delores Conway, director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate, is quoted in the April 8, 2009 edition of Contra Costa Times:
Rents in L.A. County fall
Contra Costa Times
...Rents fell across Los Angeles County and much of Southern California in 2008, USC researchers said in a forecast released today.
"In L.A. County alone, 41,000 people moved out of apartments last year compared to the 29,000 who moved in over the past five years," said Delores Conway, director of the Casden Real Estate Economics Forecast at USC's Lusk Center for Real Estate. "The dramatic changes in the economy are taking their toll on landlords, who are lowering rents or giving concessions just to keep their units occupied," she said...
