Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

Robert Shiller - Long-Term Outlook for Housing Still 'Fuzzy'

December 28, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Well-known Yale professor and co-creator of the Case-Shiller Housing price index was on Bloomberg to discuss his outlook for the housing in the long term in light of recent data showing housing prices to have gone up by approximately 4.3%.

-- Data might be showing encouraging signs in the near term but long term outlook for the housing is still very fuzzy.
-- Why he thinks that way: In general the interest in home ownership has gone down and rentals have gone up. New housing construction data is more skewed towards increase in multi-family homes rather than single-family residential properties.
-- We are almost 40% down on housing prices since it peaked. But actually that has put in the normal range.

Credit and source: www.bloomberg.com, Bloomberg

Here is the video:


About the author:

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

Tickers in the article:

Track Gurus’ Stock Purchases Daily – Real Time Guru Picks

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 3 days after the date of the transaction. This is just one of the features provided with GuruFocus Premium Membership.

Click Here to Try It Free!


Rating: 2.4/5 (5 votes)

Comments

Please leave your comment:


More Gurufocus Links

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)
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.