- Miller Samuel Real Estate Appraisers & Consultants - http://ms.clash.outthinkgroup.com -

Hitting The Tipping Point Countrywide

The CEO of the top US mortgage lender Countrywide Financial Corp., [Reuters] [1] Angelo Mozilo said the US real estate market has reached its tipping point [2] and sees prices leveling off, especially in areas where property flipping [3] is more widely seen.

This is a somewhat bold statement from a company so dependent on mortgages, that I find it especially impressive, and wholeheartedly agree with his assessment.