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Yale economics professor Robert Shiller says not to fear gradually falling home prices.
In a February 21, 2008 article by Reuters news service, Shiller is quoted as saying that, "'There's nothing troubling about a gradual correction of home prices. If we keep our incomes at the current level and home prices go down we are richer, we can buy more housing.'"
It is sharp declines that erode consumer confidence and bring on recession, Shiller believes.
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