Home Prices Can’t Go Straight Up Forever. But This Probably Isn’t a Bubble

CNN Business, July 27, 2021–Matt Egan
Home prices are climbing at the fastest pace in history, eclipsing even the boom in the days leading up to the Great Recession. It’s sparking fears that the United States is in the middle of another housing bubble that will end in a terrible crash. Industry executives and economists agree this explosion in home values is unsustainable, as home prices can’t go up 20% year-over-year forever. Yet today’s housing market is very different from the mid-2000s bubble that wrecked the economy.