Yale Professor Robert Shiller tells Bloomberg Television that it's "a time of extraordinary uncertainty for home prices," especially with the end of the federal tax credit program and the start of the summer housing market. The latest Case-Shiller report released this morning shows that prices in the 20 cities surveyed fell 0.5 percent from February to March (0.7 percent in the L.A. area). And that was when the tax credit program was still available. Shiller is generally worried about consumer attitudes concerning the economy, even as it relates to something like the BP oil spill.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the HomogenoceneOne last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed