(To read more on the multifamily market, click here.)

LOS ANGELES-Southern California's multifamily market shouldcontinue experiencing low vacancies and relatively high, stablerents, panelists at Real Estate Media's Apartments 2006 conferenceagreed. But problems with affordability, an overzealous condo crazeand municipalities' involvement in housing means that investors andowners aren't out of the woods completely.

The conference was held yesterday at the Hollywood and Highlandcomplex, which is home to the annual Academy Awards presentation.Real Estate Media group publisher and editorial director MichaelDesiato kicked off the event, making opening remarks to the morethan 1,300 attendees, made up of brokers, developers, architects,and people from the financial sector.

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