Is This Housing Recovery Real, or Another Blip?

Everyone’s trying to figure out whether the housing recovery we are seeing now is for real, or if it’s just another one of those blips on the radar like we saw in 2010. 

Robert Shiller, co-creator of the Case-Shiller index, discussed the state of the housing market recently on Fox Business News. Here’s what he had to say…

Whether this particular up-tick in the housing recovery is real, or just another blip, remains to be seen… but as Mr. Shiller pointed out in the interview, this time, the housing recovery is developing without any Federal intervention.

Shiller also mentioned a few clouds on the horizon when it comes to a housing recovery. Some of those clouds he referred to are the problems at Fannie Mae and Freddie Mac, which is propping up the housing market and supported by the government.

He also made reference to the key macro issues like the eurozone crisis, the slowdown in Asia, and the oncoming fiscal cliff in the U.S.

What are your thoughts? We’d love to hear your opinion on this topic. Do you think this Columbia SC housing recovery is real, or just another temporary tick before things start falling again?

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