Yale's Shiller Surprised by Surging U.S. Housing Market

The video discusses the current strength of the housing market, drawing parallels to past economic booms and busts, such as the 1926 Florida real estate bubble and the 2006 housing peak. It explores the role of psychological factors and COVID-19 in driving demand, while also considering inflation threats and historical economic narratives. The discussion includes market valuations, investor concerns, and stock market metrics, highlighting the complexity of predicting market trends.

In what ways do psychological factors influence the housing market today?

How did the narratives surrounding the housing market change from the 1920s to the present?

What indicators suggest that the current market may be overpriced?