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Shiller of Yale Sees 'Years of Decline' for U.S. Housing: Video
Robert Shiller, chief economist at MacroMarkets LLC and a professor at Yale University, talks with Bloomberg's Kathleen Hayes from New Haven, Connecticut, about the state of the U.S. housing market, the outlook for home prices and the likelihood of a recession. Home prices in 20 U.S. metropolitan areas fell the most on record in July, indicating the threat to consumer spending was rising even before credit markets seized up in August, according to the S&P/Case-Shiller home-price index. (Source: Bloomberg)
Bloomberg | September 25, 2007
