Additional Insight from Robert Shiller

For our beloved Facebook fans, here are a couple of bonus questions and answers from this respected economist.

Home prices have been on a worrisome downturn, recently retreating to mid-2002 levels. In the latest read of the S&P/Case-Shiller home price index, home prices in the nation's 20 largest cities fell 4% in April from a year ago, when the home buyer's tax credit was boosting sales. On the other hand, the nation's most closely watched housing barometer shows that prices on a month-to-month basis rose in April for the first time in eight months.

What should homebuyers expect now? Is this the beginning of a turning point for the housing market? We checked in with the co-creator of the index, Yale professor Robert Shiller, for his outlook on the housing market. Shiller earned credibility as a pundit when, among other things, he called the housing bubble in 2006, just before prices started to tumble. Here are the bonus edited excerpts from his conversation with Kiplinger’s Personal Finance, exclusively available to our Facebook fans.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Jennifer Schonberger
Staff Writer, Kiplinger's Personal Finance