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Are we in a new housing bubble?

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A house for sale in Orlando, Fla.
Over the last 15 years the housing market has gone from bubble to bust, and is now back in a boom.
John Raoux | AP 2014

What should we make of the new real estate boom? Are we in a housing bubble? And what does this mean for affordable housing?

MPR News Host Kerri Miller talked to the co-director of the Urban Institute's Housing Finance Policy Center, Alanna McCargo, and Wharton professor of real estate and finance Susan Wachter.

Click on the audio player above to hear their conversation.