The tight supply and high prices associated with today’s housing market have some worried we may be nearing a housing bubble. On May 2, 2022, Alfredo Romero, an economics professor at North Carolina A&T, said “current conditions don’t qualify as that. For a housing bubble to exist, we would have to believe some kind of story about the price rather than ignoring the economic fundamentals that cause the price of a house to be so high. In this case, I think the economic fundamentals justify the increasing prices we’ve seen.”
