What If The Housing Bubble Bursts?

Below is an interesting article from CNN/Money. It speaks directly to the many concerns people have regarding the "housing bubble". Is it going to burst?
My experience in past correction markets is that the higher end homes tend to take a bigger hit as a percentage of the original sales price.

The nice thing I see in this analysis is that the Washington DC market, in the author's opinon, is only 10% over valued. REMEMBER opinons are like appraisals, you can get 5 different answers with 5 different appraisers.

There is a lot of strength in the Washington DC area housing market. It's good to be aware of what could happen, but don't let it stop you from owning your own home.

CNN/Money: Top housing markets