Professors Karl Case and Robert Shiller, founders of the Standard & Poor’s/Case-Shiller Index appeared on Bloomberg TV (see above) to discuss the results of the most recent index, which showed a 3.3 percent decline in housing prices in February. Case said the U.S. housing market has already experienced a so-called “double-dip,” as housing prices plummeted from their 2006 highs, then rebounded briefly due to the homebuyer’s tax credit, and now the market has returned to previous lows. Case cited an “incredible decline” in households — “we’re not building any new houses, and yet vacancy rates are still going up,” he said — as a major area for concern. Meanwhile, Shiller said the 8.8 percent unemployment rate and the difficulties associated with getting financing are plaguing the market.
Karl Case says U.S. housing prices have already experienced a double-dip
April 28, 2011 12:47PM
April 28, 2011 at 2:47 pm, Anonymous said:
Case & Shiller both stated the HOUSEHOLD FORMATION Data is out of wack and has been since 2006. Matt Miller asked ” so there is an issue with the HF index?” Case said yes but its not our focus and should be the subject of a research paper.
May 24, 2011 at 3:17 pm, Joni said:
Touchdown! That’s a ralely cool way of putting it!
March 25, 2013 at 1:38 pm, My Homepage said:
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