Once the excess housing inventory now on the market has been sold, Yale
economist Robert Shiller says another housing bubble is possible.
Shiller, co-creator of the Case-Shiller Index, which measures housing
prices nationwide, said people are speculative enough about buying real
estate that a bubble could happen. Boston is one housing market where
such a bubble might take place, because the city’s property market has
not fallen as drastically as other cities’ housing markets. [more]