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

• The decade-long rally in home prices could end when the Fed wraps up its tightening cycle, Robert Shiller said.
• He told CNBC that earlier rate hikes pushed people to buy homes before borrowing costs rose even further.
• “So that’s been a positive influence on the market, but it’s coming to an end.” 

More than 10 years of home price gains could soon come to a close once the Federal Reserve’s tightening cycle ends, Yale economist Robert Shiller told CNBC.

Since early 2012, the S&P CoreLogic Case-Shiller Index of home prices has climbed steadily. While it peaked in June 2022 and went on a downturn, it resumed its upward trajectory in January.