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Flat home prices forecast

June 27, 2008

...Southern California housing prices are likely to keep falling in the next two years. But they won't fall nearly as quickly nor as much as they have in the past 24 months.

Bay area housing prices, on the other hand, will remain flat over the next two years, then start a slow recovery.

So says economist Delores Conway of the University of Southern California Lusk Center for Real Estate...