Robert Shiller Not Ready to Call the Bottom of Housing Market

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May 01, 2010
Discussing whether the housing market will continue its rebound, Robert Shiller, Yale economics professor and Richard Smith, Realogy CEO.

Stock market has surged more than 75% since the market lows in 2009, and real estate in many markets have been on amending for several months too. Shiller is not ready to call the downturn is over.

Shiller is the co-inventor of S&P Case/Shiller index, a measurement of housing price across major metropolitans in the US. He said the housing price according to the un-seasonally adjusted housing prices have been declining for several months and the adjusted data has been improving, therefore the recovery have been iffy.