Shiller: Confidence Pushing Housing Prices Higher, But Hurdles Remain

Yale Economist Robert Shiller, one of the creators of the S&P/Case-Shiller home-price index (which new data shows rose for the seventh straight month in December), says buyer confidence is behind the recent rebound in home prices across the U.S. Shiller tells Bloomberg that he thinks a lot of new buyers are jumping into the housing market because they think the recession has ended, and want to “get in first”. Shiller also discusses what issues could derail the housing recovery.