Yale's Robert Shiller warns against high house prices.

Yale economist Robert Shiller warns that US house prices are still very high and suggests potential buyers should consider delaying their purchase for another six months as the US economy's struggles are likely to continue. Rising interest rates have helped fuel the housing slowdown, and Shiller believes that there's at least six months of declines left to come. He expects key policymakers to eventually accept a recession that helps to drag down prices. The latest edition of the Case-Shiller Index, set to be released on Tuesday, will show the extent to which US house prices rose or fell in January 2023.