June 5, 2005
Chronicle Staff Writer
Kelly Zito
...Experts the University of Southern California's Lusk Center for Real Estate suggested that price gains in some areas, such as San Diego, are already slowing down. But most dismissed the possibility of an outright crash.
At a meeting with several reporters, USC economist Raphael Bostic color> said flatly, "There's no bubble."
Like optimistic salesmen anywhere, vendors in the bustling exhibit hall seemed immune to talk of a potential downturn, reflecting the industry's view that spiraling home prices stem from too much demand and too little supply.