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Robert Shiller Tells Fox Business That 'I’m Not So Sure Anymore' Whether Rising Interest Rates Will Discourage People from Buying Homes

August 27, 2013 | About:
Case-Shiller Index co-author Robert Shiller spoke with FOX Business Network (FBN) about the future of the housing market in the United States. When asked whether he thinks rising interest rates will discourage people from buying homes Shiller said, “I’m not so sure anymore.” Shiller went on to say, that “I’m conflicted because I know there has been a lot of momentum in home prices…but this isn’t the same situation as in the past.” [/size] Excerpts from the interview are below:

Watch the latest video atvideo.foxbusiness.com On whether rising interest rates will discourage people from buying homes:

“I’m conflicted because I know there has been a lot of momentum in home prices. They go the same way for years and years and in some sense it’s almost obvious – in one mood of thought I can think it’s obvious, buy a home now, flip it in a year or two and very likely to make a profit just based on historical behavior of home prices, but then again I think, but this isn’t the same situation as in the past. We have a lot more professional investors. We have a lot more potential flippers in the market and we have various clouds on the horizon, so I’m not so sure anymore. I wish I could be sure about these things.”

[size=13px; ]**CREDIT: FOX BUSINESS NETWORK**



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