What is a housing bubble?
The Bankrate.com financial term of the day is: "Housing Bubble"
A housing bubble is similar to a soap bubble that forms and inflates -- and eventually pops. In a housing bubble, home prices are rapidly pumped up by both demand for homes and speculation. When the bubble bursts, prices go into a steep decline.
A housing bubble is a rather rare animal. More typically, a real estate boom ends when home prices flatten out for a few years.
To find a great rate on a home loan, visit the Mortgages section at Bankrate.com.