The U.S. housing market could be in the early stages of yet another bubble, warned Robert Shiller, co-founder of the Case-Shiller index.
“In the housing market, it has its own momentum right now as people see it coming back. We’re sort of in the beginnings of another housing bubble,” the Nobel Prize-winning economist told CNBC.
U.S. single-family home prices rose less than expected in October, but posted their strongest annualized gain in more than seven years, the closely watched S&P/Case Shiller survey said Tuesday.
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