Karl Case, co-creator of the S&P/Case-Shiller housing indices, talks about the recent housing data with Bloomberg. Case says it now appears the upturn in the housing market last year was a result of government subsidies. He discusses the factors impacting the market, and says that, while the market has been struggling, there are signs that sentiment is improving.

[youtube= http://www.youtube.com/watch?v=tKLc1c-yVMM]