Expert Robert Shiller Observes Changes in the Housing Market as Interest Rates Impact U.S House Prices

‎Robert Shiller Predicts End of Housing Rally_1080p

^{Credit: Google}

Economist Robert Shiller’s sharp insights draw attention to the U.S. housing market’s future, following a period of exuberance during the pandemic. With a 43% jump in U.S. home prices measured by the Case-Shiller National Home Price Index, a gauge he helped create, Shiller believes the market may face challenges due to rising interest rates. Fears of further rate increases influence both homeowners and new buyers, impacting the market positively but approaching a possible turning point. Amidst uncertainties, experts suggest a potential soft landing, but seasonal fluctuations and regulatory issues may shape the market’s course.

Robert Shiller says decade-long rally in home prices could end when the Fed wraps its hiking cycle https://t.co/HzxM9iTkxz
— Insider Business (@BusinessInsider) July 22, 2023