| “Real estate prices may be bottoming out.” – Robert Shiller. Over the weekend, I attended the annual American Economic Association (AEA) meetings in Chicago, and ran into Yale economist and long-time friend Robert Shiller at a luncheon.
Bob is famous for his book Irrational Exuberance, wherein he predicted the tops of both the stock market in 2001 and the real estate market in 2006. He is also co-inventor of the Case-Shiller Real Estate Index. I asked him if the index suggested a bottoming pattern. He didn’t know for sure, but he noted that the futures market for real estate looked promising...............................................Full Article: Source
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