Monday, February 23, 2009
Shiller: House Prices Still Way Too High
As people across the globe hope that real estate prices are done falling, Yale's Robert Shiller suggests we may not be real close to the bottom yet.From Clusterstock and from Financial Sense:"The median value of a U.S. home in 2000 was $119,600. It peaked at $221,900 in 2006. Historically, home prices have risen annually in line with CPI. If they had followed the long-term trend, they would have
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