October 14, 2009
The Los Angeles Times quoted Professor Richard Green about the Southern California housing market, which last month in some areas showed an increase in median home sale prices for the first time since 2007. "I think prices are fundamentally at a bottom," said Green, who the USC Lusk Center for Real Estate. "There could be some weakness in the next year that brings things back down a little bit. I wouldn't be jumping for joy yet, but these numbers are not bad."
The Los Angeles Times quoted Professor Richard Green about the Southern California housing market, which last month in some areas showed an increase in median home sale prices for the first time since 2007. "I think prices are fundamentally at a bottom," said Green, who the USC Lusk Center for Real Estate. "There could be some weakness in the next year that brings things back down a little bit. I wouldn't be jumping for joy yet, but these numbers are not bad."