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NPR | Marketplace: Housing market shows signs of revival

By Mark Garrison. There's a growing sense among economists that the housing market has finally hit bottom. Home prices and home sales have been stabalizing in many places.

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:

Link: NPR | Marketplace