Friday, February 15, 2013

Bob Shiller Hits Reality Reset Button On Housing

Bob Shiller sees the possibility of real estate sliding downhill once again. 
"I still worry about further price declines. There’s no really concrete reason for an upturn now...  I think home prices may still go down..." "I also think that price increases that were likely caused by the decline in foreclosures may have been mistakenly taken by the public as a note of optimism."