Robert Shiller: Home Price Slide Could Last 20 Years, 10 to 25 Percent Decline Wouldn't Surprise Him

Robert Shiller, Yale Economist and co-founder of the S&P Case-Shiller Home Price Index (which recently confirmed a double dip in housing), told Reuters at the S&P Housing Summit that he wouldn't be surprised if home prices fell 10 to 25%, and the slide could last for 20 years. He said, "I'm a little pessimistic. We've been in a five year decline already, since the peak in 2006, and I don't see evidence that we're coming out of it."  I embedded the Reuters video after the jump. Shiller also said the U.S. economy faces the risk of a double-dip recession and a potential Japanese scenario.

Did you know there used to be two S&P/Case-Shiller Home Price ETFs that traded? (DMM and UMM) There was no market for them so they shut down. From MacroMarkets (co-founded by Robert Shiller): "MacroShares Major Metro Housing allow investors to express a bullish or bearish view on the movement of the S&P/Case-Shiller Composite-10 Home Price Index."


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