Robert Shiller Examines Whether Housing Will Continue Declining in Price
Robert Shiller, providing his economic view for the N. Y. Times, believes there is evidence that housing will continue to decline in price; despite a recent uptick in pending home sales and confidence. Shiller examines the psychological interplay between buyers and sellers of real estate. Shiller also points to the long decline in Japanese real estate and stagnation in U. S. prices from 1991-1997.
Source:
http://www.nytimes.com/2009/06/07/business/economy/07view.html?_r=1&ref=business
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