Home prices surged thanks to low inventory and pandemic-related factors. But the market is showing early signs of cooling. Certain factors could turn a hot market into a cold one.

As a consultant on high-stakes litigation involving mortgage-backed securities, Eric Madsen had a front-row seat to the fallout after the last US real estate bubble burst. Today, with housing prices recently jumping at their fastest rate in decades, he sees similarities—and important differences.

 

Read the full Q&A in ThinkSet.