28 days ago • Posted by Jasper Lawler
Robert Shiller: "In real terms, the home prices have never been so high"
“In real terms, the home prices have never been so high. My data goes back over 100 years, so this is something,” said Shiller, co-founder of the S&P CoreLogic Case-Shiller home price index. “I don’t think that the whole thing is explained by central bank policy. There is something about the sociology of markets that’s happening.”
“We have a lot of upward momentum now. So, waiting a year probably won’t bring house prices down,” Shiller said.