Maybe no housing rebound for a generation: Shiller
Maybe no housing rebound for a generation: Shiller
NEW YORK (Reuters) - The Housing market is likely to remain weak and may take a generation or more to rebound, Yale economics professor Robert Shiller told Reuters Insider on Tuesday. Shiller, the co-creator of the Standard & Poors/Case-Shiller home price index, said a weak labor market, high gas prices and a general sense of unease among consumers was outweighing low mortgage rates and would likely keep a lid on prices for the foreseeable future. "I worry that we might not see a really major turnaround in our lifetimes," Shiller said. ...
//news.yahoo.com/maybe-no-housing-rebound-generation-shiller-144156524--business.html
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