Robert Shiller On State Of U.S. Housing Market

Yale University Economics Professor Robert Shiller appeared on Bloomberg Television this morning. The Nobel Prize winner, who correctly-called the dot-com and housing busts of the last decade, discussed the state of the U.S. housing market. Dr. Shiller told viewers:

People are needing houses. They’re buying them. There are not enough houses out there- the inventory is low. So they push the price up. And it’s a modest price increase. Nothing scary or exciting. This could go on for some time

(Editor’s note: Bold added for emphasis)


“Shiller: Not Enough Houses, Low Inventory”
Bloomberg Video

No mention of another “housing bubble” in the works. Whereas fellow “crash prophet” Jeremy Grantham, the British-born investment strategist and founder/former chairman of Grantham, Mayo, Van Otterloo & Co., uttered this warning in his latest investment newsletter:

Thus, unlikely as it may sound, in 12 to 24 months U.S. house prices – much more dangerous than inflated stock prices in my opinion – might beat the U.S. equity market in the race to cause the next financial crisis

(Editor’s note: Bold added for emphasis)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Tuesday, May 31st, 2016 Bubbles, Crash Prophets, Housing

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Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

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