Shiller in US housing (not nyc)

On not in. Sorry.

Shiller. What does he know?

Seriously, Shiller has been saying for a long time that the housing markets are much healthier than in 2008. And I agree with him that nationally we are not yet at the peak. But formerly hot markets like Seattle, Austin, TX, Silicon Valley, and Manhattan are clearly slowing down. And Shiller also warns of risks such as a potential stock market crash, that the resi markets are overheated and that rising interest rates is a risk.

Shiller and I also agree that if this housing market crashes, it will not be for the same reasons as the last recession. Market fundamentals thankfully are much better today than 10 years ago. The current bubble is not yet fully developed and should not be anywhere near as big as 2008. But there will be a correction soon IMO and possibly worse if the economy tanks as some fear.

https://www.bloomberg.com/news/articles/2018-07-26/american-housing-market-is-showing-signs-of-running-out-of-steam