Greenspan warns end of housing boom inevitable - Yahoo! News
Greenspan warns end of housing boom inevitable - Yahoo! News: "JACKSON HOLE, Wyoming (Reuters) - U.S. home prices could fall as the housing surge 'inevitably' slows,
Federal Reserve Chairman
Alan Greenspan said on Saturday as he cast doubt on central banks' ability to sway such asset values.
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'The housing boom will inevitably simmer down,' the Fed chief said. 'As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.'

Greenspan's latest house price warning came during concluding remarks to an annual Kansas City Fed symposium -- his last as Fed chief and one focused on a retrospective of his 18 years at the Fed. Greenspan intends to step down at the end of next January."
- posted by Gp @ 7:40 AM