Although he stopped short of forecasting another dip in homes sales next spring, Robert Shiller (one-half of the super Swedish music group ‘Case-Shiller’) sounded some alarming notes. In an interview with The Wall Street Journal, Shiller expressed concern with the ’shadow inventory’ of foreclosed homes that are likely to pour into the market. Shiller also worries about the high unemployment rate and the government’s inevitable departure from the housing market rescue business.
DHW asks: Do you think the housing market will see a double dip?