My adult kids and I have been talking about housing [View all]

And I've seen some pretty horrific numbers as to how much things of skyrocketed over the past few years...

I wasn't paying attention in 2007-08 when the first big housing bubble burst.
Were there any indicators before it crashed?
Was it fast like an actual bubble burst or a building up and blow out?
Just curious if prices and homes are going to go bust in the next couple years or not.. we all have our opinions as to where things are going but I'm just curious about the indicators since I really am clueless when it comes to economy stuff.
Thank you if anybody can clarify ..