Monday, June 13, 2011

Shiller Says U.S. Home-Price Declines of 10% to 25% ‘Wouldn’t Surprise Me’ - Bloomberg

Yikes:

Shiller Says U.S. Home-Price Declines of 10% to 25% ‘Wouldn’t Surprise Me’ - Bloomberg: "Robert Shiller, the economist who co- founded the S&P/Case-Shiller index of U.S. home prices, said a further decline in property values of 10 percent to 25 percent in the next five years “wouldn’t surprise me at all.”"

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