What Housing Bubble?

"Oh, I'll grant you that housing prices are high. They're at nosebleed levels in some areas of the country, and still they keep climbing... It's just that, for all the teeth-gnashing and pundit-moralizing, we really don't have a housing bubble that's anywhere near bursting. Current 10-year interest rates are just too low. And I certainly don't see interest rates rising enough in the next year or so to burst a bubble, either."

Thanks to Chris Steins