A housing bubble is on everyone’s mind right now — here’s what it is and how to know if the US is in one

Source: Business Insider — 

You may have heard, the US housing market is booming. 

But booms often end in a bust, and the housing situation across the country has led experts to debate the possibility of the whole market imploding. 

As the number of homes available for sale continues to fall short of historically high demand, talk has been simmering for months about whether or not the real estate market is bracing for a crash.

Google searches for “housing bubble” soared during March as the Fed raised its benchmark interest rate for the first time during the pandemic, setting mortgage rates on an upward path. 

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