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Shiller: US House Prices Hit by Weak Labour Market, Gas Prices

Monday, 30 Apr 2012 | 2:30 AM ET

Robert Shiller, Yale University professor of economics and co-founder of the Case-Shiller index, told CNBC, "Home prices are very different from stock prices, they show a lot of momentum and once things start down they can go down for five years or ten years so I think it is a dismal time for the Spanish housing market."