Shiller Not Convinced Housing Has Bottomed

Yale Economist Robert Shiller says he’s not sure the housing market has yet hit the turning point that some analysts say it has hit. Shiller tells CNBC that prices have been falling for four months now, but that indicators are looking stronger for the future. “I give it a chance that this could be a turning point but i’m not saying it is,” he says. “I think it’s still too uncertain to call a turning point and it could continue to go down.” Shiller also talks about the field of finance in general, and why finance shouldn’t be the dirty word that it seems to have become.