Robert Shiller says home-price rally may end when Fed stops hiking rates

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Robert Shiller says home-price rally may end when Fed stops hiking rates
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Robert Shiller says decade-long rally in home prices could end when the Fed wraps its hiking cycle

That's as the past year's Fed rate hikes boosted mortgage rates, keeping existing homes"I think the fear of interest rate increases has influenced people's thinking," he said."It's not just homeowners. It's new buyers who wanted to get in before the interest rates went up even more. They wanted to lock in. So that's been a positive influence on the market, but it's coming to an end.

The housing market retreated, then began to go back up, Shiller pointed out, saying"people don't know what to make of the 'what is the Fed going to do?' situation."

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