Are Real Estate Values A Roller Coaster Ride?

Robert Shiller is a Yale Economist who has enjoyed some fame for his book Irrational Exuberance, which was a timely publication that predicted the market correction on the heels of the tech bubble. He's also stayed in the news with an 'Exuberance' redux, where he has predicted the bubble in housing values - every year since the tech bubble. Today's post isn't meant to take away from his theories and predictions, so for now, lets just agree that 'even a broken clock is correct twice a day'... and we can get back into why I say that later on (if interested).

Shiller recently published an index of real estate values indexed for inflation. Before you look at it, we get a pretty fun visualization of of this chart from blogger Richard Hodge. Its worth taking the ride first. Shiller's data is plotted here.