law of supply and demand: Will it be a disaster if home prices don't shoot upward?
- 04/24/12 02:29 PM
According to a report in Money News, Yale economics professor Robert Shiller predicts that housing may not rebound "in our lifetime."
The report went on to cast gloom and doom about prices being flat or falling in the 20 metropolitan areas they track. They also cite low "seasonally adjusted" numbers of sales.
(What the heck is a seasonally adjusted number anyway? Does 10 equal 12 in December, or perhaps in May? Or is it the other way around?)
This report got me thinking two things.
First, I don't believe it.
I've read enough posts here on Active Rain … (9 comments)
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According to a report in Money News, Yale economics professor Robert Shiller predicts that housing may not rebound "in our lifetime." 
;)
;)
;)
