April 27, 2010
Home-price index down in February
Belleville News-Democrat
By Alejandro Lazo
...Not reflected in the Case-Shiller numbers are regions in the state further out from the coast where overbuilding was more prevalent and the unemployment rate remains above average, said Richard Green, director of USC's Lusk Center for Real Estate. "We are doing a little better than the rest of the country and that is not particularly surprising because California, in general, didn't overbuild the way Arizona and Las Vegas and Florida did," Green said. "In the places we did, prices collapsed so much it's hard for them to fall much further."...