There are many economists out there who speak absolute rubbish! Infact, I would say an above average number of seasoned pros have no idea what the hell they are talking about. One of the top business schools in the country, UCLA Anderson, has made absolutely contradictory predictions 6-months apart… in early March they said housing was going to crash 15% or more, now they say it’s going to be flat even though predictions based on market fundamentals are the same for both time periods. Seems like someone paid them off.
You have to also keep in mind that many economists have unethical industry bias..for instance the report that came out of Harvard University recently on the state of the Housing Market is an absolute joke and was financed by the National Association of Realtors. Harvard University economists selling themselves to cheap scam artists like the NAR is highly unethical.
It’s better to absorb knowledge from all sources and then make your own judgement.