CNBC – Matthew J. Belvedere
With recent signs that housing may be slowing down a bit, Nobel Prize-winning economist Robert Shiller told CNBC on Tuesday that he’d still describe the recovery as strong.
"There is a certain, substantial amount of momentum in the housing market—much more so than the stock market," the Yale University professor said in a "Squawk Box" interview.
"I think this boom we saw in the last year and a half in home prices has something to do with quantitative easing and the record low mortgage rates," Shiller said.
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