Robert Shiller

Robert Shiller: Home Prices Experience 'Abnormally Positive Impact' from Low Mortgage Rates

Case-Shiller Index co-author Robert Shiller spoke with FOX Business Network’s (FBN) Stuart Varney about the future of the housing market in the United States. Shiller said, “I think we have had an abnormally positive impact with the very low mortgage rates.” He admitted that he worries about when home prices will stop rising, saying, “I think home prices will probably go up for six months or another year, but beyond that I don’t know.”

Robert Shiller: Home Prices Experience 'Abnormally Positive Impact' from Low Mortgage Rates

Excerpts as well as the video of the Robert Shiller interview can be found below.

On how rising mortgage rates might impact the housing market:

“I think we have had an abnormally positive impact with the very low mortgage rates. They reached record lows last fall and people react to a record low. You think, ‘Hey the mortgage rate can’t go down much further, if anything they are going to go up so I better buy to lock in,’ and they had this opportunity at the same time when there was a shortage of houses on the market so of course it starts to bring home prices up but that’s ending now. That’s why I worry, I think home prices will probably go up for six months or another year, but beyond that I don’t know.”

 

LEAVE A COMMENT


Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted & limited time offer for being a sophisticated and loyal reader.

ValueWalkPremium is a website and newsletter on the latest industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today and get our exclusive content for 40% off. This is our second biggest discount ever!!

Use coupon code VIP20 or click on the button below

Limited time offer only ENDS 2/29/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others

 

0