Robert J. Shiller Quotes

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures.

The housing market has bottomed. It's not too late to get involved.

Our economy isn't going to recover until the housing market finds its footing.

The housing market will get worse before it gets better.

In 2008, when the real estate market blew up, it principally hurt older people who saw the value of their houses go down, along with their pension plans.

Nothing would assure a recession more than a significant drop in housing prices.

People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.

When the housing market fell in Las Vegas, we got so many Rolex and Tag Heuer watches it was ridiculous.

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.

A home is a home, and excess supply leads to prices falling.

It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.

Housing has led our nation's economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts and home sales hit record levels from 2003 through 2005.

I'm not a housing market expert, and I don't want to pretend to be one.

The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.

Housing is a relatively small sector of the economy, and its decline should be self-correcting.

If the Fed is omniscient, why didn't they pull back on the excess money supply that inflated the massive housing bubble that popped so disastrously back in 2008?

What people really haven't thought about with real estate is, if you get tax reform, you're going to see real estate now... the velocity of selling and buying real estate will just kick.

It's impossible to know precisely what constitutes the right house price but I do know that house prices doubling or even tripling over a 10 year period caused a lot of people to find that getting a foot on the housing ladder is near on impossible.

I would say the biggest single cause was we had an incredible residential real estate bubble.

By 2003, every fool was getting into real estate. The checkout girl at my local supermarket handed me her newly printed real estate agent business card.

In 2007, in the early 2007, everybody saw the housing market was falling, and at any given moment a lot of people thought it was going to fall more, and a lot of people thought it was going to rebound. You just didn't know.

A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.