It's the final gasp of the burst housing bubble.

它是房地产泡沫破灭前的一次苟延残喘。

The housing bubble peaked in July 2005.

房地产泡沫在2005年7月达到顶峰。

Now it is a symbol of the housing bubble.

现在又变成房产泡沫的象征。

He did support inducing a housing bubble.

他确实支持制造住房市场泡沫。

We had a housing bubble; that's now obvious.

房市出现了泡沫；这一点现在看来已是无庸置疑了。