International experience shows that exchange rate shock will, but not necessarily, lead to the bubble of real estate.

国际经验表明，汇率冲击是房地产泡沫演化的一个诱因，但并不必然引发房地产泡沫。

youdao

The bubble of real estate is abnoromality state that real estate price sustaining rise for it is divorced from actual value by the artificial factor action .

房地产泡沫是房地产价格在人为因素的作用下严重脱离其实际价值而持续上涨的不正常状态。

youdao

The question is whether it is in the middle of a rapidly growing real estate bubble.

但问题是，它是否正处于一个正迅速膨胀的房地产泡沫之中呢？

youdao

It arose from the beginnings of the housing bubble -the real estate bubble that we're now in.

而是源自房地产泡沫的初现,也就是如今的房地产泡沫

耶鲁公开课 - 金融市场课程节选

Tully says to beware of "bubble" real estate markets, where the price of a house completely diverges from the fundamentals that determine the value of a home personal income and rental rates in a particular market.

NPR: Avoiding the Housing Market 'Dead Zone'

On the other hand, due to the high oil prices and the bursting of real estate bubble, the USA economy is recently giving strong signals of a forthcoming stagflation: a recession with increasing inflation rate.

CENTERFORSECURITYPOLICY: Russia extends a helping hand to Chavez

All the above confirms what we have been forecasting for several months: Government efforts to stop real estate inflation is resulting in the bursting of a huge speculative real estate bubble.

FORBES: Reality Check For China's Real Estate