Thanks to Stormin for sending in this post from Bill at CR:

I think Professor Shiller has changed his view … writing in the NY Times: Before  Housing Bubbles, There Was Land Fever

“With rates now relatively low, this could be an auspicious time to buy a house  with a fixed-rate mortgage. That could make good sense for people who aren’t out  to bet on the housing or mortgage markets but are instead focused on settling  into a home  for the long term.”

It might be an “auspicious” time to buy … if someone can find a home for sale  (there is so little inventory in many areas).

Read more at http://www.calculatedriskblog.com/2013/04/shiller-on-housing-could-be-auspicious.html#cDUgYgbgQI4qOOo0.99

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