KPIX CBS 5 Eyewitness News At 6PM June 29, 2011
market, have also stabilized slightly. >> what i'm hoping will happen is that we will see a gradual stabilization of prices and won't see a return to a belief that housing prices can only go up. >> reporter: this economist hopes the bay area will lead a slow stabilization nationwide but is not getting his hopes too high. cities like chicago and las vegas are still posting declining home values and gruen says their economic health will depend on how the nation responds to higher home values. >> overall i'm optimistic but i don't think we should expect or allow historic policies to sim...