HUD chief: No national housing price bubble

HUD chief: No national housing price bubble: "WASHINGTON-- June 7, 2005 -- There is no national housing bubble, U.S. Department of Housing and Urban Development Secretary Alphonso Jackson told real estate editors at their national conference in early June.

The official believes the strongest price gains are generally a coastal matter, noting that affordable housing is still available in the Midwest and the Southwest.

He anticipates another five years or more of rising home prices in overheated markets."