Robert Shiller: Housing Bubble Could Be Forming in Some Areas

Robert ShillerBy World Economic Forum from Cologny, Switzerland [CC BY-SA 2.0], via Wikimedia Commons

Robert Shiller: Housing Bubble Could Be Forming in Some Areas

 

Robert Shiller: Housing Bubble Could Be Forming in Some Areas. Case-Shiller Index co-author Robert Shiller discusses his latest report on home prices. Shiller notes that there is positive momentum and it could be the bottom, but he is pesimistic. Shiller thinks much of the momentum is due to seasonal factors.
He has some interesting comments about bubbles forming in cities like Phoenix.

The full video is embedded below:

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