the BOOM was just another BUST.

The U.S. housing market -- particularly in cutthroat areas like Seattle, Silicon Valley, the San Francisco East Bay, and and even Austin, Texas appears to be headed for the broadest slowdown in years.

However, wanna be buyers are getting squeezed by rising mortgage (interest) rates (climbing twice as fast as incomes), and they can't stretch that far.

Existing-home sales started dropping in June.

Purchases of new homes are at their slowest pace in eight months.

Inventory, which plunged for years, has grown again as wanna be buyers move to the sidelines.

The PRICE (gouging) is another factor.

The end is near (remember to flush).