Shiller Still Not Sure About Housing Rebound

While many believe the housing market has turned a corner, Yale housing guru Robert Shiller isn’t so sure. Shiller tells Bloomberg that while short-term indicators are up, that also happened in 2009, but the trend didn’t turn into a long-term one. Shiller also talks about the broader financial system, which he says has gotten “a little better”. And he says that we’re a long, long ways away from the climate of “irrational exuberance” that can lead to major market crashes.

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