Professor Robert Shiller, half of the Case-Shiller Home Index team, says US home prices do not seem overpriced on a price-to-income or price-to-rent basis. But, Mr. Shiller recently stated he did not expect home prices are going to start heading up dramatically now.
Also, Mr. Shiller stated that low interest rates do not seem to matter very much in determining home prices.
Another interesting tidbit from Mr. Shiller is that he indicates after most bubbles, there is an "overshoot" on the downside after the bubble bursts.
Based on the information we have from Mr. Shiller, my sense is he believes homes are nearing fair value, but could "overshoot" on the downside from the most recent bubble bursting. He also does not seem to think the Federal Reserve's monetary policy inducing low interest rates will have much of an effect on driving up house prices.
As a local Relator, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
http://MYsouthFLrealestate.com
Referrals are appreciated and welcomed.
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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