From The Money Game:

It's back!

You see, we've always just assumed that after experiencing an epic hangover following the housing party, there'd be no way we'd rush headlong into the same bubble right away.

But we were wrong -- the housing bubble is back. Sure, prices aren't at their old levels, but everything else is in place…

Read full post (excellent slideshow included):

More on housing:

South Florida's top real estate expert: Prices still falling

Housing market experiences worst three months of all time

Housing expert Tilson: Housing recovery a mirage... big price drop ahead