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Yale economist Robert Shiller
Yale economist Robert Shiller
(Douglas Healey/)

Shiller on housing: ‘Losing our sense of optimism’

U.S. home prices rose an impressive 13.4 per cent in December, year-over-year, but Yale economist Robert Shiller isn’t exactly bubbling with excitement over the housing market’s recovery.

During a conference call following the release of the S&P/Case Shiller home price index, Mr. Shiller – who helped create the index and is one of the top authorities on the health of the market – sounded concerned that home prices aren’t recovering much after taking inflation into account.