Valley economy in holding pattern

The San Fernando Valley's economy has pulled out of recession but is now in a holding pattern that could continue the rest of the year, the head of CSUN's economic, research center said Wednesday. Gregory J. Wilcox in the Daily News.

Speaking to about 400 local business leaders during the fourth annual Valley Economic Summit sponsored by the Valley Economic Alliance, economist William Roberts said the region's economy is no longer being pulled down by the weight of the real-estate crisis.

"The housing market is no longer the driver of our economic condition. The wind is out of that sail," said Roberts, who is director of the San Fernando Valley