• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 30
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Robert Shiller says decade-long rally in home prices could end when the Fed wraps its hiking cycle
Finance

Robert Shiller says decade-long rally in home prices could end when the Fed wraps its hiking cycle

July 22, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Robert Shiller says decade-long rally in home prices could end when the Fed wraps its hiking cycle
Share
Facebook Twitter LinkedIn Pinterest Email
robert shiller

Robert ShillerWendy Carlson/Getty Images

  • The decade-long rally in home prices could end when the Fed wraps up its tightening cycle, Robert Shiller said.

  • He told CNBC that earlier rate hikes pushed people to buy homes before borrowing costs rose even further.

  • “So that’s been a positive influence on the market, but it’s coming to an end.”

More than 10 years of home price gains could soon come to a close once the Federal Reserve’s tightening cycle ends, Yale economist Robert Shiller told CNBC.

Since early 2012, the S&P CoreLogic Case-Shiller Index of home prices has climbed steadily. While it peaked in June 2022 and went on a downturn, it resumed its upward trajectory in January.

That’s as the past year’s Fed rate hikes boosted mortgage rates, keeping existing homes off the market, but also adding to homebuyer demand, Shiller said Thursday.

“I think the fear of interest rate increases has influenced people’s thinking,” he said. “It’s not just homeowners. It’s new buyers who wanted to get in before the interest rates went up even more. They wanted to lock in. So that’s been a positive influence on the market, but it’s coming to an end.”

He acknowledged “unusual behavior” over the last six months in the index that he co-founded with economist Karl Case.

The housing market retreated, then began to go back up, Shiller pointed out, saying “people don’t know what to make of the ‘what is the Fed going to do?’ situation.”

That contrasted with the housing market’s traditional reputation for being more easily predictable, he added, especially after more than 10 years of steady home price gains that investors assumed would continue.

See also  ATVI, CHWY, YELP, TSLA and more

“But it may be coming to an end with the end of this interest-rate-rising cycle,” Shiller said.

His view runs counter to others on Wall Street who see the end of Fed rate hikes as bullish for home prices as borrowing costs moderate and bring back more demand.

For example, real-estate forecaster Barry Habib recently said that an upcoming slowdown would be enough to prompt interest rate cuts, easing mortgages and causing prices to rise 3% to 7% over the next few years.

But Ritholtz Wealth Management CIO Barry Ritholtz echoed Shiller’s view, saying rate cuts would actually bring housing costs down as higher rates have constrained housing supply.

Meanwhile, the Fed meets next week, and markets widely expect another quarter-point increase, which could be the last one of the current hiking cycle.

As the latest consumer price and producer prices have shown inflation cooling more than expected, Wall Street has started to abandon forecasts for additional rate hikes later this year.

Read the original article on Business Insider

cycle decadelong Fed Hiking home Prices Rally Robert Shiller wraps
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025

How China’s Companies Are Responding to the US Trade War

April 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Nicole Mann says she is proud to be first Native American woman in space

February 12, 2023

Video Appears To Show Drake Bell Sucking On Balloon In Car

April 26, 2023

Disney’s Woke ‘Little Mermaid’ Bigger Bomb Than Previously Reported

October 4, 2023

Selena Gomez Slams Online Critics, Says Weight Gain Due to Lupus Meds

February 28, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Ad Network Owned by Microsoft Is Using Foreign Disinformation ‘Experts’ to Blacklist Conservative Media Companies

February 19, 2023

Factbox: Europe’s ongoing strike-related travel disruptions

July 4, 2023

Bud Light, Target Bleeding Money As Conservatives Boycott. The Dollar Amount Is Staggering

May 26, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.