Wikipedia adds an incredibly thorough entry on the whole housing bubble phenomenon called [United States housing bubble](http://en.wikipedia.org/wiki/United_States_housing_bubble). Hat tip to [Calculated Risk](http://calculatedrisk.blogspot.com/).

It lays out much of the events associated with the end of the recent housing boom. Its long, but its a good read.

Here are some of the topics:

* Controversy
* Mania for home ownership
* Widespread belief that housing is a risk-free, growth investment
* Popularity of home purchasing in the media
* Speculative purchases of homes
* Crash of the dot-com bubble
* Historically low interest rates
* Differential relationship between interest rates and affordability
* Interest-only and adjustable rate mortgages
* Predictions and status of a market correction

Its makes a pretty strong argument for Wikipedia as a resource.