Trump Win Could Usher in Boom for U.S. Housing, Says Shiller

(RECAP: Donald Trump’s unexpected victory in the November U.S. presidential election could prove a pivotal moment for the U.S. housing market, according to economist and Nobel laureate Robert Shiller. “I think we’re at a turning point. The numbers that we’re reporting today are October, before the Trump election, and everything looks different now,” he told Bloomberg Television’s. S&P CoreLogic Case-Shiller data released earlier on Tuesday showed that home prices in 20 U.S. cities maintained a steady pace of increases in October, rising by 5.1 percent, while a gauge of nationwide property values rose by the most since mid-2014. Bond yields and the dollar have risen since Trump secured the White House on Nov. 8 as investors bet he’ll follow through on campaign promises to cut taxes, ease regulations and spend billions of dollars on upgrading U.S. infrastructure.)