April 10, 2008
... "The Southern California apartment market is poised to weather the housing downturn and credit crunch as long as job losses are not too severe," said Delores Conway, director of the Casden Real Estate Economics Forecast released by the USC Lusk Center for Real Estate.
"Renting remains attractive when mortgages are harder to obtain for high-priced homes. Although the national economy is skating close to a recession, the apartment market is supported by demand for trade, regional economic strength, and higher paying jobs in healthcare and professional services," she said...