Getty Images/Sean Gallup

Upside Down House

A new study from the national credit bureau Experian and consulting company Oliver Wyman looked at loan defaults and found a growing number of homeowners bail on their mortgages not out of necessity, but because it makes strategic sense. That seems to contradict the conventional wisdom that the real estate market has hit bottom. Other experts worry that there's a backlog of foreclosed homes waiting to hit the market that could cause a second precipitous drop. What's it all mean for the future of Southern California's real estate market?

Guests:

Amy Bohutinsky, Vice President of Communications for Zillow.com

Richard Green, Director, USC Lusk Center for Real Estate