from wallstreetpit.........
"Case-Shiller Index co-author Robert Shiller spoke with FOX Business Network’s Dagen McDowell about U.S. home prices which slipped in June 0.1%. Shiller said home prices “could fall another 10-20% before it’s over” but right now are “not doing anything. Dead in the water.” He went on to say that it is difficult for the government to step in with additional aid for homeowners under water because “it’s very difficult to be fair; someone who didn’t buy during the housing boom doesn’t get bailed out, it’s rewarding bad behavior. On the other hand, a lot of innocent people got caught up in this thing.” Excerpts from the interview can be found below, courtesy of Fox Business Network"...........READ MORE
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