June 23, 2005
By JAMES B. KELLEHER The Orange County Register ... The ranks of such boosters includes the Lusk Center for Real Estate at USC, which put out a statement on Wednesday that not only declared there was "no housing bubble" but also encouraged "potential buyers 'sitting on the fence' waiting for prices to drop (to) consider making their moves before the end of the year." Delores Conway, a business professor affiliated with the Lusk Center, didn't dispute Chapman's prediction that prices might decline in 2005. But she said that if prices fell 3.5 percent next year as Chapman is predicting, it wouldn't be a disaster. "That's not so bad," Conway said...