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Housing and Financial bubble

I'm not a economic expert , but I like reading articles about finance and markets around the world.
We are not sure about the depth of 2008 financial crisis but my opinion is its still in the down-trend

There are some excellent articles about housing market.
One of the graphs which caught my eye is the "LifeCycle of a bubble"  by "Dr. Jean-Paul Rodrigue"





This bubble varies across countries and I feel it holds true in developed countries like the UK, US and many european countries.
The phases are at different stages in various countries.
But well worth to be aware of

Some Helpful Links for Buying House