There have been many signs of optimism on the housing front in recent weeks, with the Case-Shiller Home Price Index showing an unprecedented reversal from negative to positive growth in the summer months.
We'll also be getting a string of data on the home front this week, with housing starts and existing home sales for September due tomorrow and Friday respectively.
On Friday, "Closing Bell Access" got up close with Robert Shiller is Professor of Economics at Yale University and Chief Economist and Co-founder of MacroMarkets LLC. Shiller is also the other half behind the Case-Shiller U.S. Home Price Indices. (Watch video for full interview).
Maria Bartiromo asked if this uptick was a result of the first time home buyer credit. Shiller replied that he wasn't sure, given that "we're seeing other signs around the same time." Those signs include the record turnaround in the stock market and a major reversal of confidence.