Click on the title above or the link below to review an article from The Wall Street Journal.
Robert Shiller speaks on possible impacts of Fed no longer buying mortgage backed securities, the expiration of buyer tax credit, and borrowers being angry enough to stop making mortgage payments. What impact will all of that have on housing? Ouch! is emphatic that we are simply in the eye of the hurricane and that more and more people will take William Wallace's suggestion of celebrating a mortgage independence day which will ultimately lead to real estate valuations returning to 1996-1998 levels nationally. Stay tuned...
http://blogs.wsj.com/developments/2010/02/23/case-shiller-adds-to-confusion-on-housing-market/
