Shiller Says Housing as Investment Losing `Enthusiasm’

On May 31st, as reported by Bloomberg, Yale University economics professor and the co-developer of the S&P/Case-Shiller home-price index, Robert Shiller, offered his insights on the future trends of housing prices. According to the latest figures released, the S&P/Case-Shiller property value index, which monitors 20 cities, recorded a 3.6% drop compared to the previous year in March. This marks the most pronounced annual decrease since November of 2009, as reported by the group.

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