Home   >   Economy   >   Robert Shiller’s Grim View on Housing

Robert Shiller’s Grim View on Housing

By on September 4, 2008

Robert Shiller, Yale professor, remains pessimistic about the future for housing prices and indicated that it wouldn’t be a stretch for home prices to decline more than they did during the Great Depression.

Shiller has a vested interest in establishing prediction markets for home prices, so he is not an unbiased source, but he has a track record of being right in predicting the direction of markets in general.

Source:

http://finance.yahoo.com/tech-ticker/article/53094/U.S.-House-Price-Decline-Could-Be-Worse-than-Great-Depression?tickers=%5Egspc,fre,fnm
***

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>