September 24, 2007
"It's just that we'll stagger it out on a slightly slower rate of absorption," he said. Delores Conway, director of the Casden Forecast at the University of Southern California's Lusk Center for Real Estate, said the long-term outlook for the expansion is positive because of projected job growth in the area, but that tightening credit will continue to affect sales in the near term. "The financing is becoming an issue, especially [in the Inland Empire] where we have many homes that are moderately priced," because high-priced home sales are less likely to be affected by forecloses and credit issues, she said. At a community like Edenglen, though, she said turmoil in the credit maarket will probably affect the full range of prices