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Allan Rudnick.


Allan Rudnick, chief executive at Kayne Anderson Rudnick Investment Management LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, has some concerns about the economy slowing down and housing prices falling.

Rudnick, who lives in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities.  but bought a house in Bel Air Bel Air may refer to:

Places in the United States:
  • Bel-Air, Los Angeles, California, a district of the City of Los Angeles, California, United States
  • Bel Air, Alabama
  • Bel Air, Kentucky
  • Bel Air, Maryland
 that is being renovated, said housing prices in Southern California are a lot like blue chip stocks Blue chip stocks

Common stock of well-known companies with a history of growth and dividend payments.
.

"I would say prices have been in a longterm uptrend and fight now we are absolutely at the upper end of that range, so I would expect a correction," he said, adding that it could take a 20 percent slide in housing prices to bring the market back into equilibrium.

Staff reporter Kate Berry can be reached at (323) 549-5225, ext. 228, or at kberry@labusinessjournal.com.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Housing prices
Author:Berry, Kate
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 28, 2005
Words:120
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