Karl Case: The housing market is a “crapshoot”
Struggles to recover from Great Recession
According to one famous expert, the housing market is a crapshoot, noting that it is sill struggling to fully recover. Per CNNMoney:
Karl "Chip" Case is an economist whose name is synonymous with home prices. He is co-creator of the much watched S&P/Case-Shiller home price indexes with Bob Shiller, who won the Nobel Prize in economics last year.
"You've got much more negative vibrations in the housing surveys about homeownership than we ever had before," Case told CNNMoney. "I think it's because people got hosed. They thought that housing prices will never go down. That's just bull -- you know what."