In the News
New York Times: California Finds Economic Gloom Starting to Lift
By Adam Nagourney. After nearly five years of brutal economic decline, government retrenchment and a widespread loss of confidence in its future, California is showing the first signs of a rebound.
November 27, 2012
Richard K. Green, of the Lusk Center for Real Estate at the USC, said the foreclosure storm was beginning to subside, and fewer foreclosed homes were flooding the market. That has meant homes are selling faster at higher prices — which means fewer homeowners owe more than their house is worth.
Link: New York Times