Housing Prices Still Unsustainable?

In a February 23rd interview on Yahoo Finance Dr. Robert Shiller makes the case that we are only half way to a bottom in home prices and that we may  experience another 25% in price declines as we approach the post WWII trendline. He also explodes the real estate industry myth of homes as investments.

However, since real estate is all about location-location-location, the impact of any further decline in values will probably depend on where you live.  See this report from the University of Virginia.

shillerhousepricechart

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One response to “Housing Prices Still Unsustainable?

  1. The sustainability subject is quite trick. I was looking on the internet for more info and a came across this.
    http://www.independent.co.uk/news/business/sustainit/article1635710.html

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