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Joined: 11 Dec 2007
Location: Cambridge, MA
|Posted: Sat Dec 08, 2018 8:58 pm GMT Post subject: The Housing Boom Is Already Gigantic. How Long Can It Last?
|Admire Nobel-prize winning economist Robert Shiller but this article seems to reflect a historian's perspective from the "ivory tower" and an economist who's reluctant to acknowledge what real estate agents, mortgage brokers as well as buyers and sellers already believe. What's your take -- are we already past peak?
The Housing Boom Is Already Gigantic. How Long Can It Last?
"Today, signs of weakness in the housing market are being taken by some as a signal that the prices of single-family homes may fall soon, as they did sharply after 2006. The leading indicators, which include building permits and sales of both existing and new homes, have all been declining in recent months.
But with few examples of extreme booms, we cannot be sure what such indicators mean for the current market."
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