REAL ESTATE

Southland Real Estate Outlook Good, Report Says: The long-term prospects for the region’s real estate market remain relatively bright, despite its uneven economic recovery and nagging concerns about its deteriorating quality of life, an exhaustive report by Price Waterhouse Real Estate Group said. The consultants said the Southland’s growing and generally well-educated work force, combined with its key Pacific Rim location and other factors, should lead to a rebound in demand for commercial and industrial space in three to four years. The housing market could come back even stronger and more quickly, with demand led by affluent one- and two-person households who prefer to live fairly close to major work centers and don’t mind high-density housing. The Riverside-San Bernardino area will be the fastest-growing region in the West through the end of the decade, the study said, followed by the northwest portion of Los Angeles County and San Diego County.