I highly agree with our Former Federal Reserve Chairman on this one. This will help on gaining the confidence Buyers need. Call me if you think of investing now.
Greenspan pegs housing recovery to early 2009
Former Fed chief says a healing housing market will aid the credit crisis
NEW YORK - Former Federal Reserve chairman Alan Greenspan said the U.S. housing market will begin to recover in the first half of 2009, according to an article he wrote for Emerging Markets magazine published on Friday.
Greenspan wrote that the recent slowing in the rate of decline in U.S. home prices is the first positive note in the year-long trauma and that eventually, frozen credit markets will thaw "as frightened investors take tentative steps toward reengagement with risk."
"More conclusive signs of pending home price stability are likely to become visible in the first half of 2009," he wrote.
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