June 26, 2008
...Some glimmers of hope are on the horizon for the beleaguered housing market, according to experts from the University of Southern California Lusk Center for Real Estate.
"We don't have a lot further to go (down in price)," said Delores Conway, director of the Casden Real Estate Economic Forecast at USC...
...Raphael Bostic, director of the USC master of real estate development program, said San Francisco and San Jose were in the best shape of major California cities, with home prices flattening, instead of plunging like those in Southern California and inland. Richard Green, director of the USC Lusk Center, said history shows the U.S. economy is remarkably resilient...