FrontDoor Unlocked – HGTV’s FrontDoor Real Estate Blog

Economist Robert Shiller: “Homebuyers are a little optimistic about home prices”

Posted by Annalisa Burgos | September 24, 2009

The economist behind one of the most widely watched measures of the residential housing market is not sure where home prices are headed.

I caught up with Robert Shiller (of the Standard & Poor’s/Case-Shiller Home Price Indices) at the “Distressed Real Estate Summit” in New York City, where he shared his insight with more than 700 real estate developers, investors and other professionals. Hear what he has to say:

Shiller told attendees that current government efforts seem “like a big bailout,” and rather, we should focus on setting up “the framework for new economic systems” and “create a liquid market for real estate.”

Shiller is founder and chief economist of investment management firm MacroMarkets and co-developed the methodology behind the S&P/Case-Shiller Home Price Indices, which track changes in home prices in 20 metropolitan regions across the United States. Each month, investors look to the data for insight into the housing market.

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Vlog: Sellers need a reality check to help housing market recover

Posted by Annalisa Burgos | July 31, 2009

It’s tough not to think about how much your home value has fallen since the peak of the real estate boom. But as financial expert Barry Ritholtz points out, falling prices don’t affect you unless you really have to sell.

Furthermore, delusional sellers are blocking the road to the housing recovery. Until they wake up to the reality of today’s market and price aggressively, they’ll need a dose of HGTV’s “Real Estate Intervention.”

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