1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Fox Business
Fox Business
Articles (6214) 

Robert Shiller Tells Fox Business That Low Mortgage Rates Have Had an “Abnormally Positive Impact”

June 25, 2013 | About:
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.

Excerpts from the interview and a link to the video are below.

Watch the latest video atvideo.foxbusiness.com

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.”

**CREDIT: FOX BUSINESS NETWORK**

Rating: 2.8/5 (5 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


9gebbbLFG Valuation Model
dwilsherGP on TA 50% F score 7
infoLow EV/EBIT
rmaciver11 yr Rev 15 Price 3 mo 40
rael2222BASE ONE ONE ONE ONE
rael2222OHI
rael2222AAA
rael2222AA
rael22221
Hendrixlp70Free Cash Flow
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK