Robert Shiller: Home costs are ‘very, very excessive,’ however would possibly get cheaper in six months

That was Yale economist Robert Shiller speaking in regards to the present state of the housing market throughout an interview on Monday on CNBC Overtime.

Shiller, a researcher on the National Bureau of Economic Research, helped create the Case-Shiller Home Price Indices, that are main trackers of the U.S. real-estate market.

“It’s simple to forecast…