The Madeleine Brand Show is a daily, two-hour program that looks at news and culture through the lens of Southern California.
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No end in sight for falling home prices




A sign sits in the front yard of a home being offered for sale in Pleasant Prairie, Wisconsin. The Case-Shiller index shows housing prices dropped in March to their lowest point since the housing bubble burst in 2006.
A sign sits in the front yard of a home being offered for sale in Pleasant Prairie, Wisconsin. The Case-Shiller index shows housing prices dropped in March to their lowest point since the housing bubble burst in 2006.
Scott Olson

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The Case-Shiller index numbers released Tuesday morning show March housing prices were at their lowest point since the housing bubble burst 5 years ago. Prices are down by more than a third from their peak in 2006. Madeleine talks to Richard Green, Director of the USC Lusk Center for Real Estate about whether the housing market will ever recover to its previous levels.