Is our booming housing market headed for a bust? Realtor says it's not like before the Great Recession

ST. PETERSBURG, Fla. — If history is any indication, Joe Manausa says we are not currently in another housing bubble. The Florida-based realtor and author, with 30 years experience in the business, says rarely do we see the average housing price in the U.S. decline. In fact, he says, it's only happened seven out of the past 80 years and five of those years were after the most recent housing bubble collapse.