Are we trapped in another housing bubble? A rapid rise in home prices has some experts worried

Home prices are rising coast to coast and are outstripping wages and rents. Some say it's another housing bubble. But it's nothing like the mid-2000s, according to an ASU real estate expert.

An ASU real estate expert says the rise in home prices is not due to another housing bubble, but to high demand.

In this story published Feb. 3, 2021, in USA Today:

The definition of a bubble is that when it pops, there's nothing there. That's not this case. There's very real demand that exists and that's what's causing prices to increase.

– Mark Stapp, Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development program