Shiller Says Home Prices in U.S. May Decline for ‘Some Time’
June 7 (Bloomberg) — Robert Shiller, the Yale University professor who predicted the collapse of the U.S. housing market, writes in a New York Times article today that home price declines “may well continue for some time.”
Shiller noted that U.S. home prices didn’t begin moving up, “even incrementally,” until six years after the end of the prior housing boom in 1990-91. Home prices in Japan fell every year for 15 years after the 1991 bursting of Japan’s real estate bubble, he wrote in the column.
http://www.bloomberg.com/apps/news?pid=20601213&sid=azlxhEqiym6Q
Last 5 posts by MacroMan
- Thiel: Still heading toward deflationary endgame - August 4th, 2010
- Around the markets in 6 charts or less - May 6th, 2010
- Quotable - May 5th, 2010
- Quoteable - April 29th, 2010
- Pimco Warns of Deflation Risk as Central Banks to Cool Stimulus - April 21st, 2010
Fixed Income/Bonds, Real Estate, Strategy/Allocation | MacroMan | 
June 8, 2009 11:09 am
No Comments
No comments yet.
RSS feed for comments on this post. TrackBack URI
Leave a comment
You must be logged in to post a comment.