GlobeSt.com: Despite Slight Improvements, Home Prices Remain In Limbo April 24,2012

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

...Gary Painter, an economist with the USC Lusk Center for Real Estate, previously told GlobeSt.com that falling prices are not so much a reflection of market health, but rather the result of banks disposing of distressed assets by offering low prices to cash buyers.

"As these distressed properties are taken off the market, that trend will end," he says, in a statement...

For the full article, see the link below: