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Forum List » Guru News and Commentaries Guru News, Stock picks and commentaries  
Housing Guru Robert Shiller - Don't Get Too Excited About the Housing Turnaround Yet
Posted by: CanadianValue
(IP Logged)
Date: December 19, 2012 04:19PM
Like many investors, I follow with baited breath the insights of Warren Buffett. For a couple of years Buffett has been telling us that when the housing market really turns both unemployment and the economy are going to get a lot better in a hurry. Robert Shiller has been a credible observer of the housing market and had some observations today cautioning that we aren't on the cusp of a housing boom: - We might see home prices go up a little bit, but there is no boom in the cards. - Shiller isn't even certain that we have bottomed yet. - This was the worst economic crisis since the great depression and that has changed the way people think; more people are going to rent on a long-term basis. - The surveys Shiller does do not show that the general population is optimistic on the long-term housing market.
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