Shiller: “We can’t trust momentum in the housing market”

Robert told CNBC this morning that the 12% year over year rate of change in house prices can’t be trusted.  No kidding.  To put this in perspective I charted out the current trajectory relative to the average historical trajectory.  Anyone who thinks housing in the USA is on a sustainable price appreciation path is not working with a full deck….

(Chart via Orcam Financial Group)

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About Post Author

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

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