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Greenspan: Home Prices to Bottom Next Year

May 14, 2008 RSS Feed Print

Former Fed chief Alan Greenspan is calling the bottom:

U.S. home prices will likely bottom out in early 2009 after the market absorbs excess inventories, former U.S. Federal Reserve Chairman Alan Greenspan told audiences in Asia Wednesday, according to news reports.

"There's an old saying that economists should be interpreted as contrarian indicators," Housing Wire's Paul Jackson says. "Something tells us that adage is doubly true in Greenspan's case."

Tags:: Alan Greenspan,; housing,; housing market

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acai berry pure reviews of 2:13AM May 11, 2010

Greenspan: Home Prices to Bottom Next Year

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