Robert Shiller is well known for being part of the Case Shiller home price index and in today’s Wall Street Journal on-line he is very candid in an interview concerning the current state of the national real estate home market. Below is a comment on the current strength in the housing market.
“But it probably isn’t the beginning of a major boom, just because the economy is in such bad shape. There’s also a chance that it will reverse. It’s still only three months old, so it’s very hard to be sure at this point. The most likely scenario is that it won’t continue at this high rate of increase, but that it will neither go down a lot, nor up a lot.?” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICE
Here is the question, if home values were to remain flat in Honolulu, why should you buy now?
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