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Housing Guru Robert Shiller - Housing Could Be in a Mini-Bubble Today

March 26, 2013

The last time Robert Shiller spoke to CNBC he suggested that the housing recovery is in the second inning.

He thinks that forecasting where housing prices are going to go in the shorter term is extremely difficult with quantitative easing resulting in the Fed buying billions of dollars of mortgage securities and keeping rates artificially low.

Shiller is not buying into the chorus of people who believe the housing recovery is here, strong and going to continue.

He then adds that the housing bubble could actually be in a mini-bubble today.

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