Landlords Fire Back - 2004-02-06
A respected apartment industry economist reacted today to analysts who've been predicting a dark future for apartment building owners.

As we reported last week, the housing boom has drawn renters away from the rental market. And Federal Housing Commissioner John Weicher has asked Congress to create a new mortgage program that wouldn't require homebuyers to come up with any down payment, raising the specter of still fewer renters.
Read the full story at Forbes

Housing Affordability Dips to 23 Percent in Los Angeles County, Calif. - 2004-02-06
Housing affordability dropped in California during December, dipping to 23 percent statewide and in Los Angeles County on higher prices, an industry tracker reported Thursday.

Robert Kleinhenz, deputy chief economist at the association, said that a 1 percentage point increase in the interest rate for a 30-year mortgage begets a 4 percentage point decline in affordability.
Read the full story at Miami Herald