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Robert Schiller, renowned for predicting the 2007 housing crash, advises against buying a house currently, citing ongoing high prices and a struggling U.S. economy. He anticipates further price declines in the coming six months, as inflation-adjusted home prices have decreased from their peak over the past eight to nine months but remain excessively high. Schiller highlights that today’s inflation-adjusted prices exceed those of the 2006 peak, the 1989 peak, the 1979 peak, and the 1964 peak, indicating a significant overvaluation in the housing market. He bases his analysis on current data, warning that the downturn is likely to persist.