Real estate bubble

A real estate bubble is when too many people are buying houses too quickly! The prices of houses get really high really fast and lots of people want to buy them. This makes it so that people have to pay more money for the same house than they would have before. Eventually the prices get so high that people don't want to buy them anymore, then the prices go way down and it's called a "bust". So a real estate bubble is when house prices go up too quickly and then drop way down!