Famous Yale University professor and housing expert Robert Shiller, creator of the Case-Shiller housing index, was on CNBC to discuss his views on the housing recovery and whether he is jumping and calling it a full recovery. Here are his views:
-- Housing may be recovering; all the indicators are giving positive signals.
-- But he thinks people overreact.
-- He has seen four attempt at a housing recovery since the housing crisis, but it turned out to be seasonal, so he is not ready to call a full housing recovery yet.
-- Would like to see a solid year of price increases before calling it a recovery.
Source: www.cnbc.com, CNBC
Here is the video:
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Dheeraj GroverI 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