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Shoeshine
Joined: 10 Nov 2007 Posts: 38 Location: Greater Lowell MA
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Posted: Tue Nov 13, 2007 4:42 am GMT Post subject: Shiller: Home price to keep sliding with no bottom in sight |
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And I thought I was negative about home prices
and where home prices will be in 2 years.
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Link below
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http://www.reuters.com/article/ousiv/idUSN1235621120071112
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NEW YORK (Reuters) - The U.S. housing market's skid is nowhere near over and could extend for another five or even 10 years, according to one of the most-watched housing economists.
Robert Shiller, a Yale University economist and co-developer of Standard and Poor's S&P/Case-Shiller Home Price Indices, told Reuters that declines in home values in the most vulnerable markets could well double the losses recorded thus far.
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