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 home prices since 2012?

What is the expected home price appreciation for the next 12 months according to the speaker?

What factors contribute to the wealth effect of housing compared to stocks?

How does the speaker view the potential impact of rising interest rates on the housing market?

What is the speaker's stance on whether the Fed should raise interest rates in September?