SocraticGadfly: Housing prices could stay depressed for years

June 10, 2009

Housing prices could stay depressed for years

That’s a serious claim, and it’s not just anybody claiming it. It’s the stance of Yale economist Robert Shiller, co-creator of the Case-Shiller Home Price Indices.

Shiller says nobody should be surprised if housing prices don’t start climbing before 2012. Read his reasoning why.

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