Will the US housing market go Japanese way?

The current mockery in the US housing market is a byproduct of the subprime crisis. The crisis laid its roots in early 2000 when property prices started increasing. But once the bubble burst, home prices crashed substantially. In fact, property prices in the US have been declining since the past five years. Looking at this price trend, noted economist Robert Shiller has expressed concerns that US could experience a Japanese-style housing slump which could last for years. It may be noted that after the asset bubble burst in Japan, the country lost almost two decades to recession and deflation. Asset prices hardly moved during that time and the economy went into a perennial slump. Shiller points out that since many young people in US are now opting to live with their parents while others are going for rental apartments, property prices may experience a perpetual down trend.