Bubble, bubble, bubble trouble?

I was watching CNBC this morning and the general feeling regarding real estate right now seems to parallel that of the general economy, caution. Many analysts are still predicting a real estate bubble, most often citing rising interest rates as a possible pin. The strength of the burst draws the most contention, with most predicting the stabilization of home prices or single-digit rates of appreciation. Others feel that if real estate cools, the economy could chill significantly, and real estate predictions then become much more dire.

One thing is clear, however, bubble talk is going to be an integral piece of every day's financial news for the next couple of quarters.

For more on mortgage rates and the real estate bubble, check out the article, Higher Mortgage Rates May Cool Home Market. The gist of the AP is "Rising mortgage rates will cool but not crush a national housing market that is still relatively hot, one of the economy's consistently good performers."