Yale professor Robert Shiller says the recent upturn in housing prices doesn’t signal that everything is now hunky dory for the home market.
In fact, it’s just typical price volatility in an uncertain market, says the guru who called the massive housing crash years early.
“The sudden rise in home prices suggests that the psychology of the market has shifted substantially,” Shiller wrote in The New York Times.
“But what should we expect in the months ahead? Not necessarily that we’re entering a new housing boom.” (more)
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