Didn't long term interest rates just go down ;)
Sorry guys no burst soon.
I seriouly doubt there will be a burst anyway. Sure it will level off soon, if it hasn't already peaked in most places, but i doubt it will take a huge drop. What is more likely is that as interest ratesslowly creep up (even though the latest long term rates dropped) the market will likely level off and the number of transactions will decline, but the values will hold. There will be less buyers and sellers, not a flood of sellers with no buyers. values could hold at these levels for 5 - 10 years with out going up much. That will be your market correction, it will be over time, not over night.
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