The Real Deal New York

Shiller sees possible return of housing bubble

July 13, 2009 12:24PM

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.

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