Greenspan: Worst Is Over for Housing

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 Former Federal Reserve Chairman Alan Greenspan said on Tuesday that the worst of the housing adjustment was over, and that he was preparing to publish an analysis of the 'serious dispute' over the true effect of mortgage wealth on consumer spending.

http://www.topix.net/content/ap/4252566728160327395334034287812274455449

Comments (1)

Brian Brady
San Diego VA Home Loans/858-777-9751 - San Diego, CA
858-777-9751

The article is a bit tilted to favor the housing market.  Greenspan said that inventories would decline (could he have meant that unrealistic sellers will remove thier home from the market?) but price declines are expected.

It is, however, refreshing to see the press finally point to some positive indicators in housing. This housing "correction" will be over when the NY Times and LA times say it is.

(I think you know where I'm going with that last comment) 

Nov 28, 2006 04:04 PM