July 17, 2012
...Richard Green, director of the University of Southern California's Lusk Center for Real Estate, believes California's housing market hit bottom at the end of last year or early this year. He said metrics such as the relationship of housing prices to rental costs and income suggest the timing is ripe to buy a home.
"The fundamentals for owning are the best they've been in a while," he said. "You probably have to go back to 1997. Owning just looks really good now..."
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