Is the real estate market slowing down, or is this a housing bubble?

Real Estate Insights
Courtesy: Leslie Dougherty - Central Coast Sotheby's International Realty

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming?