Real Estate Bubble About to Burst?

USA Today reports that homes on the market are at their highest level since 1986. According to the report, it would take nearly 5 months to sell all the homes available right now, the longest period since June 1993. That may signal a long-needed drop in high home prices (especially for those of us who live in expensive areas such as San Francisco). Some experts think this signals a "cooling off" rather than a "bursting bubble" and site low mortgage rates as softening the slow down. What do you think?

I think:
It's about damn time. I understand that real estate has been the only solid investment over the past 5 years (compared to other investments) but give us a break! The average American makes about $40K per year so you do the math. . . do you think an average can family afford a house in today's market? NO! For those of us who own homes a slow down in home sales is not such a good thing, especially if we paid through the nose for our homes. All I know is that some how the market has to come down or else salaries need to go up. . . if the American dream to own a home is a possible reality and not just a crazy fantasy.