ROBERT SHILLER: We Might Not See A Turnaround In Housing In Our Lifetimes

Robert Shiller has previously said that there is no guarantee that home prices will go up. And today's home price reading reinforced that view.

In an interview with Reuters he said a weak labor market, higher gas prices, and lack of consumer confidence would likely see home prices continue to stay low:

"I worry that we might not see a really major turnaround in our lifetimes."

He also said that suburban areas are likely to see bigger price declines because higher gas costs will cause a rising demand for 

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2579+0.0025+0.20%
    USDSGD=X
    1.7393+0.0046+0.27%
    EURSGD=X
    2.1132+0.0066+0.31%
    GBPSGD=X
    81.3456-0.3283-0.40%
    SGDJPY=X
    6.1634-0.0122-0.20%
    SGDHKD=X
    2.5988-0.0024-0.09%
    SGDMYR=X
    9,257.4561-42.2285-0.45%
    SGDIDR=X
    4.9677-0.001-0.02%
    SGDCNY=X
    1.1647-0.0012-0.10%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,292.10+7.50+0.58%
    GCM14.CMX
    19.67+0.23+1.19%
    SIK14.CMX
    91.64-1.24-1.33%
    ^XAU
    3.12+0.06+1.90%
    HGK14.CMX
    101.95+0.51+0.50%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI