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SHILLER: Enough With The Happy Housing Talk -- House Prices Will Be Flat For 10 Years

Wednesday, May 1, 2013 - 9:43 PM
Shiller says the housing market is operating in an “abnormal economy” where the Federal Reserve is buying $40 billion worth of mortgage securities and $45 billion worth of Treasury notes each month. This has driven mortgage rates to record lows.

The Fed will eventually stop buying these securities, says Shiller, and mortgage rates will rise.

http://www.businessinsider.com/shiller-house-prices-flat-for-10-years-2013-5?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+businessinsider+%28Business+Insider%29

But when?
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ShorebreakShorebreak2,368 posts since
Apr 6, 2010
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