1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Fox Business
Fox Business
Articles (6214) 

Robert Shiller Tells Fox Business “Home Prices Show a Lot of Momentum”

May 29, 2012 | About:

Case-Shiller Index co-author Robert Shiller spoke with FOX Business Network (FBN) about the current state of the housing market in the United States. Shiller discussed today’s release of the S&P/Case-Shiller Home Price Index saying, “Home prices show a lot of momentum; they’re not like the stock market.” When asked what market currently looks healthiest, Shiller said, “The market that looks most impressive now is Phoenix.”

Excerpts from the interview are below.

On what the S&P/Case-Shiller Home Price Index for March indicates about the housing market:

“Home prices show a lot of momentum; they’re not like the stock market. The real question is do we still have downward momentum? There are a lot of positive signs but a skeptic who believes in momentum and says it’s been going on now for six years, and I am a little bit of that skeptic, might well say it’s going to keep going down. After the seasonal blip is over, it may not be over.”

On what market currently looks the healthiest:

“The market that looks most impressive now is Phoenix; I wouldn’t say healthy. There seems to be a bit of a boom going on and there’s excitement and it’s interesting to see that speculative excitement can come back to the housing market, at least in Phoenix.”

**CREDIT: FOX BUSINESS NETWORK**


Rating: 2.8/5 (4 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


TFCCo and Inside Buy
TFC3+ INSIDE BUYERS
imransROTE
James LiKetterer Intl Screen
pbarker46PB & 4 Values
RayMayerhigh per
infoLow PEG
mjspencershorts by sector
harrisgreg07HighYield
9gebbbLFG Valuation Model
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK