Our "favorite housing economist" Dr. Bob Shiller thinks the market (especially housing) is already overheated. "We are in a very unusual circumstance," says Shiller, "because of the massive bailouts, the homebuyer tax credits, the Fed’s purchase of mortgage-backed securities – and these things are coming to an end. I don’t trust the trend we have."
"So the question is, are we at risk for even more price increases, and another bubble? I think we are at risk, but I’m not predicting it," says Shiller. "I think it’s more likely we don’t do so well from here," Moneynews reported Shiller telling The Motley Fool.
So is that "a yes, a no, I know, or a maybe?"