Nobel Laureate Shiller Says U.S. Home Prices Could Start Falling
Robert Shiller, professor of economics at Yale University
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Nobel laureate Robert Shiller said he “wouldn’t be at all surprised” if U.S. house prices soon started to decline.
The S&P CoreLogic Case-Shiller index of property values in 20 cities decelerated for a 15th month in June, increasing 2.1% from a year earlier. Shiller noted that adjusting for inflation, prices had already flattened.