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Robert Shiller: Housing Is Still Not out of the Woods

August 06, 2012 | About:
Dheeraj Grover

Dheeraj Grover

Robert Shiller, co-founder of Case-Shiller U.S. Home Price Index discusses the U.S. housing market and his outlook for the market. He still thinks that prices have more room to go down; U.S. housing is still not out of woods yet.

Here is a summary of what he said:

-- We have still not hit the bottom on U.S. house prices. Things have gotten better but there is not a U-shape recovery.

-- Recent uptick in home prices can be seasonal.

-- People moving towards renting and that does not speak good for the home values, specifically for the suburbs.

-- Rates are at record lows but there are still not many people refinancing. Why? Banks fueled the prices and subsequent crisis but same banks have a different mindset now and that is making it difficult to find loans.

Here is the video:

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

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