Are we approaching the bottom of the housing slump? Home prices in Southern California held steady for the third straight month in March, a signal that the housing market is beginning to stabilize. The median sale price stayed at $250,000, which is less than half of what it was at the market's peak in 2007. The report from MDA DataQuick could also be a greater indicator of recovery from the economic recession. But tighter credit or higher interest rates could also affect the rate of recovery. Larry Mantle looks at what the findings suggest about the economy with John Karevoll of DataQuick and Richard Greene, Director of USC's Lusk Center for Real Estate.
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