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

<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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The housing market looks like a bubble, 2008 regulator saysSheila Bair, who had a front row seat to the subprime mortgage meltdown, is worried today’s housing market is unsustainably hot.
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U.S. Treasurys are seeing longer bear market than stocks did in the 2008 financial crisis or 2000 dotcom crashFrances Yue covers the cryptocurrency market for MarketWatch.
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