Kathryn Wasserman Davis, a globetrotting philanthropist who provided the startup funds that her husband, Shelby Cullom Davis, used to become one of America’s most successful investors, has died. She was 106.
Wellesley College professor Karl Case and Yale University professor Robert Shiller, co-creators of the S&P/Case-Shiller home-price index, talk with Bloomberg's Kathleen Hays about the today's report and the U.S. housing market. Marshal Cohen, chief industry analyst at NPD Group Inc., discusses holiday retail.
Karl Case, co-founder of the Case-Shiller index and professor of economics at Wellesley College, says the U.S. housing market "is stabilizing." Case talks with Bloomberg's Ken Prewitt and Tom Keene on Bloomberg Radio's "Bloomberg Surveillance."
While U.S. home prices fell at a slower pace in January, the housing market isn’t recovering as quickly as anticipated, according to Karl Case, co-creator of the S&P/Case-Shiller property-value indexes.