Housing Market’s Future Still Has Many Clouds - NYTimes.com

ECONOMIC VIEWA New Housing Boom? Don’t Count on ItBy ROBERT J. SHILLERPublished: January 26, 2013We are beginning to hear noises that we’ve reached a major turning point in the housing market — and that, with interest rates so low, this is a rare opportunity to buy. But are such observations on target?Enlarge This Image Minh Uong/The New York TimesEnlarge This Image Minh Uong/The New York TimesIt would be comforting if they were. Yet the unfortunate truth is that the tea leaves don’t clearly suggest any particular path for prices, either up or down.

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