ShutterstockIn each of the six months from December through May, the most recent month for which data is available, national homes prices set new highs. "Historical precedence is now on the side of those who think a housing market correction is near," says Ralph McLaughlin, chief economist at home search site Trulia. A defining factor in a housing market bubble is home price growth that is unsustainable or unsupported. During the bubble, price growth was nearly universal. But perhaps the best evidence that we are not in a housing bubble is that people are talking about it.

Source: Forbes August 15, 2017 11:26 UTC