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Robert Schiller, who predicted the 2007 housing crash, advises against buying a house now, stating that prices will continue to decline. He believes that current home prices remain too high and that the U.S. economy will keep struggling, suggesting a further downturn over the next six months. Schiller, known as the "Godfather of Modern Housing Economics," bases his assessment on data showing that inflation-adjusted home prices in America have decreased over the past eight to nine months but are still higher than their peaks during 2006, 1989, 1979, and 1964. He emphasizes the need to hold off on purchases until prices become more favorable.