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Key Words: Housing market now ‘reminds me of 2006,’ Robert Shiller says

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Dr. Robert J. Shiller, 2013 Nobel Laureate for Economic Sciences, is growing concerned about the housing market

Famed housing-watcher Robert Shiller said Tuesday that the weakening housing market reminded him of the last market top, just before the subprime housing bubble burst, slashing prices by nearly a third and costing millions of Americans their homes.

Home price gains moderated again in the most recent version of the closely-watched housing index that bears his name, which was released Tuesday, and Shiller, a Nobel Prize-winning economist, told Yahoo Finance that such data shows “a sign of weakness.”

Read:The man behind Case-Shiller on why the housing index has no Houston and why that’s no problem

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