Professor Robert Shiller, co-founder of the S&P/Case-Shiller Home Price Index, breaks down his latest report, discusses consumer confidence and provides insight into whether housing can bounce back in in 2012.
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Home Prices Corrected for Inflation at 2001 Levels
Take inflation out of home prices and we’re back to 2001 — ten years ago. The chart shows the S&P/Case-Shiller 10-City Composite Index in nominal (or current dollar) terms along with the index deflated by the Consumer Price Index. Looking at the dashed orange lines near the lower right hand corner, one sees that prices [...]