With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago.
Here are four key metrics that will explain why:

Home Prices
Mortgage Standards
Foreclosure Rates
Housing Affordability

1. HOME PRICES
There is no doubt that home prices have reached 2006 levels in many markets across the country. …