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Robert Shiller: Housing Is Improving But Don't Get Excited

January 18, 2013 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Well-known Yale professor and co-creator of the Case-Shiller Housing price index was on CNBC to discuss his outlook for housing in the long term in light of recent data showing positive up trends.

-- Housing appears to be improving.

-- But don't get excited; we have seen a similar six-month up trend turn negative so we should wait more before we can call victory.

-- But at this point the housing recovery seems to have legs.

-- In some ways the scenario in the U.S. is similar to Japan given very high unemployment and there is risk of deflation.

-- Number of homes underwater is declining as home prices increase and if the trend continues, the whole problem of bad mortgages and shadow inventory with banks will disappear

-- But until that happens we are going to see more foreclosures and shadow inventories with banks.

Credit and source: www.cnbc.com, CNBC

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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