More US housing bubble fun

The Manic Housing Circus* starts falling apart when there aren't enough new buyers paying the inflated price. It will hit the hotter markets first. This article: Region's home sales signal softer market

Industry experts say a combination of factors drives up the inventory, including "greedy" and unmotivated sellers shooting for the moon in terms of price, as well as a growing number of more motivated investors eager to cash out here to reinvest in cheaper housing markets such as Idaho and Texas.

has a great graphic: * Manic Housing Circus is ©2005 Tom Kenny