Robert Shiller Sees murky U.S. Housing Market Outlook

March 30 (Bloomberg) -- Robert Shiller, chief economist at MacroMarkets LLC and a professor at Yale University, talks with Bloomberg's Betty Liu about the U.S. housing market.

Home prices in 20 U.S. cities unexpectedly rose in January, as the S&P/Case-Shiller home-price index climbed 0.3 percent from the prior month on a seasonally adjusted basis, matching the gain in December. The gauge was down 0.7 percent from January 2009, the smallest year-over-year decrease in three years.

The government is not expected to renew the $8,000 tax credit for new home buyers who purchase homes costing $80,000 or more. This will certainly affect housing sales.

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