Well, Sims is a macroeconomist, so.... heh

I guess I'm coming from a place of personal experience. I'm an economist whose work deals with housing, but I get kinda annoyed when people ask me where the real estate market is headed. I can give you some general principles, but I don't spend most of my time looking at real time data to make forecasts, so I'm really not the right person to ask.

Still, you're right in the sense that I'll usually respond with some generic insights that touch on current events, or counts for financial advice. For example, if someone asks me if they should wait for the Fed rate cut to buy a house, I might tell them it depends on whether they're more constrained by their downpayment or by their income.