Has the housing bubble burst?

From the article, the example given is a house listed at $629k being had for $592k. By my math, that's about a 5.8% discount to the original selling price. Two and a half years ago, I bought my house that listed at $150k for $142k. Again, by my math that's about a 5.3% discount. Granted, the numbers in the example are larger, but I'm not going to panic. I do love the graphic though, Rand.

I liked the graphic, too. That should be an indication that it's a light-hearted post.

I don't think this is the burst. Wait for the fed to make the next 50 basis point rate rise and you'll see your burst.