Is another housing bubble on the way?

It was ten years ago that storm started to brew in the housing market. 
Lenders were giving away loans seemingly to anyone  "who had a pulse". In many, not all, cases borrowers weren't asked for documentation to prove income. Lenders lured in the buyers with teaser rates until economy slowed and the bottom fell out of the housing market. (I can't help but to think of The Big Short movie) Homeowners were unable to make payments and since prices were coming down, refinancing or selling was impossible. It became known as the worst recession to hit the county. 
Even though economy and home prices have both rebounded, some people have expressed concern we are headed for another bubble. To support that theory, Fannie Mae and Freddie Mac have started programs to allow first-time homebuyers to buy homes with only 3 percent down. There are also other alternate ways lenders are making loans available to those who cant qualify for conventional  credit scoring methods. The above factors may signal danger ahead but I agree with vice president of USAA Bank who said"But I dont see it as an imminent threat." He also said that "The regulatory scrutiny is very high", talking about government regulations which have changed the playing field. 
Also, many lenders are voluntarily tightening up their lending standards and only like to deal with those with very good credit. Ten years ago, a borrower with credit score of below 620 could qualify for a subprime mortgage where as now credit score of 720 is considered "bad credit score."

I would leave the answer to the question in the title  to that. Feel free to do your own research on the topic. There is plenty to be optimistic about the market though. In Sacramento region alone, prices went up 7.5%  last year and we expect it to go up for at least the next couple of years, both locally and nationally. Check out the slide below. It is how much experts think home prices will increase in the next few year nationally. I don't believe our region is going to be much different. The trend will be the same: year over year increase will decrease but in general, prices will continue to go up. 
If you or anyone you know is thinking of buying real estate, either as their primary residence or as an investment property, have them give me a call.