Shiller: Housing Weakening, Fed Should Wait on Rates

The transcript discusses the disparity between housing price appreciation and personal income growth, highlighting concerns about a weakening housing market. It includes perspectives from the UK, emphasizing the consumer impact of housing market changes. The wealth effect of housing is explored, noting its broader impact compared to stocks. The discussion shifts to the potential effects of interest rate changes by the Fed, with differing opinions on the timing of such changes. The transcript concludes with predictions on future economic trends and the possibility of market corrections.

What has been the trend in housing prices since 2012?

• They have been increasing at a rapid pace.

• They have been decreasing steadily.

• They have been increasing but at a slower pace.

• They have remained constant.

What is the expected housing price increase for the next 12 months?

• Around 10%

• Around 2%

• No increase

• Around 5%

How does the UK perspective view the cooling of housing prices?

• As irrelevant to the economy

• As a cause for panic

• As an opportunity for investment

• As a positive economic indicator

What is the speaker's stance on the Fed raising interest rates in September?

• Strongly in favor

• Strongly against

• Doubtful about an increase

• Indifferent

What potential market change is discussed in the final section?

• A correction in the stock market

• An increase in consumer spending

• A decrease in housing prices

• A significant increase in stock prices