June 26, 2012
"I feel reasonably good about housing for the first time in a long time. Inventories are way down, prices are very attractive relative to interest rates, and in 85% of markets it is better to own than to rent," Richard Green, director of USC's Lusk Center for Real Estate, said in a statement issued before the Case-Shiller release. "The one problem is that we have more than 4 million homes in the U.S. with upside-down mortgages and we need to figure out how to help them." See link below: