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Shiller’s Bottom Line: Risk Lingers in Housing

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Real Estate Sales Representative with Keller Williams Cornerstone Realty

Shiller’s Bottom Line: Risk Lingers in Housing

"I’m more worried than most people that it could be a short-lived turnaround. It could be like the 2009-10 upturn where we saw home prices rising right after President Obama took office and right after the home-buyer tax credit was instituted. In that upturn there were some cities that did quite spectacularly. And then that fizzled. I’m not too sure that this one will extrapolate either."

Robert ShillerIs he ultra conservative or what?

 

 
Lawrence Yun"Yun says he expects total housing sales to be higher in 2013 than 2012, but he doesn’t expect the increase to be as dramatic. However, he expects price increases this year to beat 2012."

 

US home prices surge in January

Who do you believe? Shiller or Yun?

 
 
 
 

 

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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

I am telling you right now, I have already seen Port St Lucie following the same disasterous path of the last era when I could not purchase a single vacant lot today under 10K and there were 26 showing active this morning and then all pendingn in 1 day.

This is what happened last time was investors blasted the market, inflated the prices until they exploded and burned everyone. 

Mar 06, 2013 10:41 AM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Kevin, the potential seems to be there for a nother bubble.  I went looking for some vacants to invest in last week.  Looks like I missed out.

Mar 06, 2013 06:14 PM
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