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Enough with the happy housing talk — House prices will be flat for 10 years

Posted on 02 May 2013

More good news on the housing market. The S&P/Case-Shiller Home Price index posted its biggest annual increase since 2006—just before the housing market crash.
Home prices in all 20 metro areas included in the index rose for the second month running. Phoenix led, with a 23% annual increase followed by San Francisco (18.9%), Las Vegas (17.6%) and Atlanta (16.5%). Still, Robert Shiller, co-creator of the index, is cautious. “There’s a lot of excitement in the housing market now but it might be just short term,” he tells The Daily Ticker………………………………………..Full Article: Source


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