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One Comment
Everyone looks at this from the top of the bubble, what about if you look at this from 10/02 to now? And what is the typical time a person keeps their home and would that not help when someone looks at where they are in terms of the long term housing cycle? Interest are the lowest since the early 60s!
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Video: Reuters Interview with Robert Shiller on the latest U.S. Housing Data
Professor Robert Shiller, co-founder of the S&P/Case-Shiller Home Price Index, notes that despite the sharp decline in October, home prices are not at “catastrophic” levels. Watch this video to learn more.