by Calculated Risk on 9/25/2007 05:57:00 PM

On Bloomberg Video: Shiller of Yale Sees `Years of Decline' for U.S. Housing.


Click image for video.

September 25 (Bloomberg) -- Robert Shiller, chief economist at MacroMarkets LLC and a professor at Yale University, talks with Bloomberg's Kathleen Hayes from New Haven, Connecticut, about the state of the U.S. housing market, the outlook for home prices and the likelihood of a recession. Home prices in 20 U.S. metropolitan areas fell the most on record in July, indicating the threat to consumer spending was rising even before credit markets seized up in August, according to the S&P/Case-Shiller home-price index. (Source: Bloomberg)

And check out the video on the Miami condo auction at the bottom of the posts.