February 8, 2010
County's Median Home Price Falls in January
Los Angeles Business Journal
By Charles Proctor
... People who track local real estate said vacillations in the numbers should be expected as the market tries to find its way back and consumer confidence wavers.
"When a market is close to hitting a bottom, you're going to see little ups and downs," said Gary Painter, director of research at the USC Lusk Center for Real Estate. "Unfortunately for people who are hoping to see a quick turnaround, I don't think that's going to happen."....