The Last U.S. Housing Bust May Be Preventing Another One

The video discusses the dynamics of the housing market, highlighting how speculation previously led to soaring prices despite an influx of new homes. Currently, the market is different due to cautious lending practices by bankers, resulting in a lower rate of single-family home starts compared to the 1960s. This has led to a housing shortage exacerbated by low unemployment, making it difficult to find workers. Consequently, home prices have increased, making ownership unaffordable in some areas. Despite these challenges, experts do not foresee a housing bubble in the US, with San Francisco being the only US city in UBS's global real estate Bubble index.

Why do experts not see a bubble in the US housing market?

Which US city is mentioned as being part of the top ten in UBS's global real estate Bubble index?