Shiller:No house price rebound for our lifetime

ROBERT SHILLER: Suburban Home Prices Will Not Rebound In Our Lifetime

Read more: http://macromon.wordpress.com/2012/03/27/shiller-real-chance-of-japan-like-housing-slump/#ixzz1qMdtCtgK

Shiller says the shift toward renting and city living could mean “that we will never in our lifetime see a rebound in these prices in the suburbs.”A perpetually sluggish housing market, which Shiller believes has become “more and more political,” might push the country in a “Japan-like slump that will go on for years and years.”

Read more: http://macromon.wordpress.com/2012/03/27/shiller-real-chance-of-japan-like-housing-slump/#ixzz1qMeOx8cJ