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Predicting Home Prices Is Now Impossible

This article from CNBC reports on the sentiment from a real estate conference comprised of industry experts, including Robert Shiller, co-creator of the S&P/Case Shiller Index. Mr Shiller stated at the conference that “Statisticians deal with things that repeat themselves. This housing boom and bust is so historic and unprecedented, you can’t predict the future because you have no comparison” He then went on to say at the conference that he wasn’t making any predictions, but homeprices could fall another25%. Read article.

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