Dr. Delores Conway, director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate, is quoted in the May 22, 2009 edition of the Associated Press
Median home price in NorCal rises slightly
Associated Press
By Jacob Adelman
...The median home price in Northern California increased nearly 5 percent last month from March, suggesting some parts of the region's housing market could be stabilizing, a tracking firm said Thursday. The increase marks a reversal of the steady month-to-month price declines in the region that have held since fall 2007, said MDA DataQuick, which also released separate figures marking a third consecutive month when the statewide median price declined by less than 1 percent...
..."It does look like the housing market is bottoming out," said Delores Conway, director of the Casden Forecast at the University of Southern California Lusk Center for Real Estate. "We're not going to take off from here, but we will basically stabilize..."
May 22, 2009