U.S. single-family home prices rose less than expected in April, a closely watched survey said on Tuesday.
The S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.2 percent in April on a seasonally adjusted basis. A Reuters poll of economists forecast a gain of 0.8 percent following gains of 1.2 percent in March.
Robert Shiller, co-founder of the Case-Shiller index and a professor of economics at Yale University, said on "Squawk on the Street" that he remains bullish on the housing recovery.
"The housing market is actually better than public perception," he said. "There has been a lot of momentum, upward momentum, and I'm not sure that that's gone."
He added: "The market is going up faster than people perceive it. It's actually a better market than people think and expectations are not really very high yet for home price increases."
Non-seasonally adjusted prices rose 1.1 percent in the 20 cities, compared to an expectation of a 0.8 percent rise.