Shiller: House Prices Still Way Too High

Professor Robert Shiller stopped by TechTicker last week.  Video above.  Key points below.

  • House prices are still only halfway back down to fair value.  
  • Prices don’t usually stop at fair value.
  • Obama’s plan won’t turn house prices around.

And here’s the housing chart worth 1000 words, which is based on Prof. Shiller’s data: