My clients, friends and family have been asking me lately if we are in just another housing bubble that may burst at any moment. I say no and so does Pacific Union in their blog below. Along with their three reasons, a fourth reason is that interest rates have remained at historic lows for over 1 year now and are expected to stay below 5% for another year. Interest rates, job growth, population growth and supply constraints are all very good reasons why we are not in another bubble. Home prices are expected to rise 5-8% over the next 3 years.