December 21, 2007
'The bottom is a process, it's not a time point,' said Delores Conway, director of the Casden Forecast at the USC Lusk Center for Real Estate. Prices are not going to immediately jump, even when the market does hit bottom, she said. 'You have time. You have at least six months, maybe a year,' she said… … Another key indicator that the market has hit bottom will be home prices. 'If we see prices have stopped going down or are moving up, that's a very good sign,' Conway said.