July 18, 2012
Yes, this is the bottom of the housing market. Richard Green will come right out and say it. The director of USC's Lusk Center for Real Estate points to two key factors.
Richard Green: "First, the lack of inventory. The second thing is, in many markets around the country, it's cheaper to own a house now than it is to rent it if you can get a mortgage."
To listen to the whole interview, see the link below: