Just take a good, hard look at some of these charts and tell me there isn't another housing bubble in the USA. Case-Schiller looked at housing prices in major metropolitan areas of the USA from 2007 to 2016. While most regions have "recovered" back to the bubble prices of 2007, real-estate in Dallas has entered into another dimensions altogether.
According to Hanson Advisers, STEM (Science, Technology, Engineering and Mathematics) industries in these regions have greatly influenced housing prices over the last few years, but these industries are now starting to loose steam and the knock-on effects on the real-estate market may be quite significant:
"The Bubble 2.0 pop will also free up supply in the same manner as Bubble 1.0, just not as much from foreclosures. However, I do think people underestimate the volume of low-down mortgages originated over the past several years, and those with little to no equity in legacy loans or rising interest rate mods, which if house prices drop a few percent turn high-risk, especially when factoring in the 6%+ cost to sell. But, it doesn’t matter where the supply comes from — maybe the PE firms start to dump rentals — as it’s fungible."
Images: thesocietypages.org, Hanson Advisers