Monday, February 12, 2018

Rising interest rates will have a negative impact on US housing prices

Rising interest rates will have a negative impact on US housing prices, according to Robert Shiller.

"Obviously interest rates… it’s the price of time. It’s a fundamental factor in our economy. And people watch it. A lot of people think the stock market is overpriced, but what’s the alternative? If you go into debt, it has not been a very good return either. But that’s all changing now and maybe that’s the new narrative."