DON'T Buy a House Now - Robert Shiller Says "Wait" - Housing Crash ? Housing Bubble 2.0

The past Tuesday we received the data from the S&P CoreLogic US Home Price Index for January 2023. The data results stated that home values dropped for the 7 straight month, with many west coast metros showing significant declines. This trend will continue as the year goes on. Of particular note, the co-creator of that Index, Robert Shiller, provided some rather interesting commentary about the current state of the Housing Market. He mentioned that we should "probably wait" to buy a house as prices should be more affordable "in about 6 months". His commentary regarding the state of the Housing Market should be noted. I have found that he rarely speaks about the Housing Market and when he does, he is somewhat ambiguous with what he says. If you read between the lines, he is saying that the Housing Market is not recovering and will only get worse as time goes on. It is clear that he will never call out a Correction, Crash or Crisis publicly, however he does not what is going on and where it is ultimately headed.