REAL ESTATE : Builders Looking Beyond O.C. for New Business
Compiled by John O'Dell, Times staff writer
Bright Future: In a just-released analysis of the situation, Andrew S. Kane, western region director for Arthur Andersen & Co.’s Real Estate Services Group, predicts that Southern California home values may increase as much as 20% over the next year.
“Construction financing for new housing has been virtually non-existent during 1990 and 1991.”
“Unless the laws of supply and demand are miraculously suspended, the vanishing supply of residential real estate will create upward pressure on home prices.”
