In the News
Luxury Condo Market Hitting a Peak
Los Angeles Business Journal quotes Dr. Delores Conway
July 09, 2007
"Upward pressure on interest rates could slow down sales and (the developer's) own loan costs could be going up," said Delores Conway, director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate. "We are still seeing higher prices, but the market is definitely in a corrective phase. There is uncertainty out there."