U.S. Housing Market Outlook

Via Bloomberg.com:

Tom Porcelli, chief U.S. economist at RBC Capital Markets, discusses the outlook for the U.S. housing market. The S&P/Case-Shiller index of property values in 20 cities dropped 3.6 percent in September from the same month in 2010 after decreasing 3.8 percent in the year ended August. Porcelli speaks with Betty Liu on Bloomberg Television's "In the Loop."