Skip to comments.Shiller: Housing Hasnít Necessarily Bottomed Yet
Posted on 12/20/2012 6:01:24 AM PST by blam
Shiller: Housing Hasnt Necessarily Bottomed Yet
12/20/2012 1:39 AM
In an interview on CNBC earlier today Robert Shiller provided his outlook for housing. Shiller says house prices havent necessarily bottomed yet.
A lot of people seem to think that if the market turns around, that means more of the same, meaning another big boom.
I dont think [a boom] is in the cards. We might see home prices go up a little bit, you know, a little bit above inflation, maybe. Not likely that well see a real boom.
Id like to people getting optimistic again. Not that I expect to see this, but if you want to see another boom like that, people would have to get excited and thinking that this is it. You know, I dont quite see it. Its not this gung-ho, go into housing.
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