The Real Deal Miami

Housing market is same as 2006: expert

May 25, 2010 03:30PM

The housing market has not fundamentally changed since 2006, Casey Mulligan told MSNBC. Mulligan, an economics professor at the University of Chicago, said that houses that were in demand still are, and that the prices are still high, even when adjusted for inflation. Mulligan predicts that in the next few years, the market will continue to see historically high prices.