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Housing

The Housing Boom Is Not a Bubble

A housing bubble brought on the Great Recession, but the current boom may not be a prelude to another. Yet.
A street in Kenton, Ohio.
A street in Kenton, Ohio.Jay LaPrete/AP

“This time, the executives say, will be different.”

Dreadful words to hear under any circumstances, really. But it’s especially worrying to see this line crop up in a story about housing. The Los Angeles Times reports that the nation’s largest mortgage lenders today are alternative lenders as opposed to banks, much as they were in the runup to the Great Recession.