Housing News at HouseJockey.com

Monday, October 30, 2006

Greenspan: early signs of stabilization

Some possible good news (or just more spin?):



Just when gloomier pundits were starting to enjoy the housing slump, optimists are piping up to declare it could be almost over. Former Federal Reserve Chairman Alan
Greenspan said last week that he detected "early signs of stabilization" in the housing market and some Wall Street economists are also saying the worst may be behind
us. For now, the consensus among economists is that the housing downturn will remain a drag on the economy, but probably will not sink the U.S. into a recession next year.

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