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Housing-Market Recovery in U.S. Not ‘Resounding,’ Shiller Says

The U.S. housing recovery is a fragile one and should be spurred by reducing the role of government in the mortgage-finance system, said Robert Shiller, a professor at Yale University and co-creator of the S&P/Case-Shiller index of property values.

“There are positive signs, the problem is that it’s not a really strong positive sign yet,” Shiller said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu today. It is “not a resounding recovery,” he said.