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

2:30 AM ET Mon, 30 April 2012

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."