"I feel reasonably good about housing for the first time in a long time. Inventories are way down, prices are very attractive relative to interest rates, and in 85% of markets it is better to own than to rent," Richard Green, director of USC's Lusk Center for Real Estate, said in a statement issued before the Case-Shiller release. "The one problem is that we have more than 4 million homes in the U.S. with upside-down mortgages and we need to figure out how to help them." See link below:
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- Los Angeles Times | Business: Home price index climbs in April