[The CEO of the top US mortgage lender Countrywide Financial Corp., [Reuters]](http://today.reuters.com/PrinterFriendlyPopup.aspx?type=bondsNews&storyID=uri:2005-10-07T135431Z_01_N07730093_RTRIDST_0_FINANCIAL-COUNTRYWIDE-CEO.XML) Angelo Mozilo said the US real estate market has reached its [tipping point](http://print.google.com/print?id=MMlxzMNkE_0C&lpg=PP13&dq=tipping+point&prev=http://print.google.com/print%3Fq%3Dtipping%2Bpoint%26oi%3Dprint&pg=PP1&printsec=0&sig=yxa0mPMnSa_ZgrYn75FxG6M0qIg) and sees prices leveling off, especially in areas where [property flipping](http://matrix.millersamuelv2.wpenginepowered.com/?p=78) 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.