US Real Estate Index long term chart CO Denver

The financial crisis of 2007–2010 was related to the collapse of real estate bubble, especially in the United States.
US Real Estate Index Chart - Colorado, Denver  February 2013.

Real Estate bubble began in 1998, starts to accelerate in 1998 and ended in 2006. From 2006 to 2009(low) price drop only 11.45%.
that is average 3.8% P.A. and therefore there is no Real Estate bubble burst.

US Real Estate Index Trend Chart - Colorado, Denver  February 2013.

US Real Estate Index Historical Chart - ColoradoDenver  February 2013.

US Real Estate Index Trend Historical Chart - ColoradoDenver  February 2013.