ROBERT SHILLER: We Might Not See A Turnaround In Housing In Our Lifetimes

robert shillerRobert Shiller

Photo: Bloomberg Television

Robert Shiller has previously said that there is no guarantee that home prices will go up. And today’s home price reading reinforced that view.In an interview with Reuters he said a weak labour market, higher gas prices, and lack of consumer confidence would likely see home prices continue to stay low:

“I worry that we might not see a really major turnaround in our lifetimes.”

He also said that suburban areas are likely to see bigger price declines because higher gas costs will cause a rising demand forĀ 

Don’t Miss: 11 Big Bubbles That Are Happening Right Now >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.