Housing data positive but market still in turmoil, Shiller says

Miami /
Sep.September 02, 2009 03:02 PM

Yale economist and Case-Shiller Index co-founder Robert Shiller sat down with Fox Business News to discuss recent national housing data and whether there’s reason to feel optimistic about the market. Recent home price increases, along with promising housing starts and home sales data, shows there’s more reason to feel positive about the market, Shiller contended. But Shiller also cautioned against feeling irrationally positive about the recent strong housing data. “We’re still in such turmoil, we don’t know that these numbers mean what they would mean in other times,” Shiller said. Additionally, Shiller argued that government financial incentives like the first-time homebuyer tax credit could be skewing the data. “The worry is that a year from now or two years from now we’re not going to [have those incentives] anymore and people might be thinking that these are failed policies and then we’re in worse trouble,” Shiller said.


Related Articles

arrow_forward_ios
Rendering of Belmont Village Coral Gables and Baptist Health South Florida CEO Brian L. Keeley

Baptist, Belmont gain approval for luxury senior living in Coral Gables

Baptist, Belmont gain approval for luxury senior living in Coral Gables
9885 Palomino Drive (Credit: Google Maps)

Resort Lifestyle Communities scores $36M construction loan for Lake Worth senior housing project

Resort Lifestyle Communities scores $36M construction loan for Lake Worth senior housing project
5010 Nob Hill Road (Credit: Google Maps)

Sunrise affordable senior housing facility sells for $30M

Sunrise affordable senior housing facility sells for $30M
Mark Zilbert

Let’s make a deal? Some resi sellers in Miami-Dade slash asking prices

Let’s make a deal? Some resi sellers in Miami-Dade slash asking prices
(Credit: iStock)

Home sales dropped big time in South Florida in April

Home sales dropped big time in South Florida in April
 Rendering of Father Marquess-Barry Apartments with Matt Rieger

HTG scores financing for senior affordable housing in Overtown

HTG scores financing for senior affordable housing in Overtown
Renderings of different versions of the project with Matt Rieger

HTG plans 1,000-unit affordable housing complex in Miami’s Overtown

HTG plans 1,000-unit affordable housing complex in Miami’s Overtown
Pharrell Williams (Credit: Ethan Miller/Getty Images)

South Florida by the numbers: Bright spots in a challenging market

South Florida by the numbers: Bright spots in a challenging market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...