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Is the housing market in a bubble? Looks like it — but it likely won't pop, 2008 regulator says

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Is the housing market in a bubble? Looks like it — but it likely won't pop, 2008 regulator says
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A former federal regulator who served when the 2006 housing bubble burst is concerned that today's housing market is on an unsustainable path.

<p>SALT LAKE CITY — A former federal regulator who served when the 2006 housing bubble burst is concerned that today's housing market is on an unsustainable path.

 High mortgage rates sent sales spiraling, but home prices only experienced a minor correction before heading back up.

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