The housing market is hot, but not necessarily a bubble : The Indicator from Planet Money Housing prices all over the country are rising at historic rates. Some are concerned about a housing bubble and crash like the one in 2008. So what's happening?

Home prices could fall, but is it a bubble?

Home prices could fall, but is it a bubble?

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Chelsea Fitzgerald-Dole
Kevin Dole works from home next to his wife's bureau and near his drum set in the couple's small two-bedroom condo in Nashville, Tennessee.
Chelsea Fitzgerald-Dole

The housing market is extremely hot which has some nervous about a possible bubble. And with home sale prices in some markets up 45% during the pandemic, the situation at least seems ... bubblish. But what do economists think? Today, on the show: what makes a bubble grow—and what makes it pop.

How overpriced are homes in your area? Check out Chris's story at NPR.org to find a ranking of hundreds of U.S. metro areas.

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