Robert Shiller Discusses His Concerns Regarding U.S. Housing

After the second consecutive month of non-seasonally adjusted home price declines on the Case-Shiller index, the co-founder of the index Robert Shiller speaks with CNBC about his concerns. He notes that the housing data rolling over feels eerily reminiscent of 2005-2006, although he does not anticipate a severe price decline in the immediate future.

For more on the recent housing data see: U.S. Housing Data Begins To Crack