This article was published by TheNewAmerican.com on Friday, May 28, 2021:
Robert Shiller, the Yale economist and inventor of the Case-Shiller Index, told Yahoo Finance Alive on Wednesday that the U.S. housing market has “aspects of a bubble to it.”
This is not a market that collapses overnight … but you can see that we’re seeing price increases now that haven’t [been seen] since those years just before the  financial crisis.
The Case-Shiller Index — now called the S&P CoreLogic Case-Shiller National Home Price Index — released on Tuesday showed that prices for the average home in the United States rose more than 13 percent since last April. Three major cities — Phoenix, San Diego, and Seattle — led the way, with annual gains of 20 percent, 19.1 percent, and 18.3 percent, respectively. Home prices in all 20 cities included in the index increased as well.
The reasons behind a housing-market bubble include: