Dr. Delores Conway, director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate, is quoted in the April 16, 2009 edition of Los Angeles Times:
Is worst over for housing slump?
Los Angeles Times
By Peter Y. Hong and David Pierson
...Southern California home prices held steady for the third straight month in March, a sign that the housing slump may be near its bottom...
...The Southern California median sale price is now less than half what it was in 2007, according to DataQuick.
"There are a number of indicators that show the housing market is in the process of bottoming out," said Delores Conway, director of USC's Casden Real Estate Economics Forecast. Chief among them, she said, was that home buyers previously priced out of the market are now able to buy.
April 16, 2009