Shiller Sees "Substantial Risk" in Housing

Yale Economist Robert Shiller says he’s more worried about the housing market than colleague Karl Case. Shiller, who told reporters that he sees a “substantial” chance that real home prices will drop another 15% to 25%, discusses his outlook on Bloomberg. Shiller also talks about the broader economy, and says that the turmoil in the Middle East adds to the chance of a double-dip recession.

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