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The housing market appears to be operating without brakes as home prices continue to climb–the median listing price shot up in March to a record-high of $405,000, mortgage rates continue to tick up, and buyers are not backing down.

As more signs indicate the housing market is on a fast-paced upward trajectory, many are wondering: Are we entering a housing a bubble? And will the market crash or at least, deflate at any point in the near future?