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Dheeraj Grover
Dheeraj Grover
Articles (493) 

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

December 28, 2012 | About:

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:

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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