Yale University economist Robert Shiller, pioneer of the widely watched Standard & Poor's/Case-Shiller home price index, said there's a good chance housing prices will fall further than the 30-per-cent drop in the historic depression of the Thirties. Home prices already have dropped 15 per cent since their peak in 2006, he said.
"I think there is a scenario that they could be down substantially more," Mr. Shiller said during a speech at the New Haven Lawn Club.
No comments:
Post a Comment