The nation is not in a housing bubble, according to Redfin Chief Economist Daryl Fairweather.

Fairweather's assertion came following recent Redfin surveys that found more than three-quarters (77%) of homebuyers and sellers believe there's a housing price bubble in the area where they live while 44% of real estate agents believe there's a housing bubble in the market where they work.

In the past year, median home prices grew by double digits.

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