Shiller: Normally Rising House Prices Are Now Flat

The video discusses the current state of home prices, noting that they are flat when adjusted for seasonality and have been weakening over the years. It advises against buying homes for capital gains due to historical trends. The Federal Reserve's cautious approach to interest rate hikes is highlighted, with potential delays due to global economic uncertainties like Brexit. The Shiller PE ratio suggests US and Japan stocks are overvalued, but global opportunities exist. Central banks' low interest rates are unprecedented, supporting markets but raising questions about sustainability.

What are the implications of the current interest rate environment on the economy?

Discuss the potential risks associated with the current state of the housing market.