"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).
Shiller on Housing: "Could be an auspicious time to buy"
I think Professor Shiller has changed his view ... writing in the NY Times: Before Housing Bubbles, There Was Land Fever
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