WASHINGTON, DC-Alan Greenspan, the former chairman of Federal Reserve, has said that if home prices continue to fall it could trigger another recession. He said that the US recovery resembled a quasi-recession.
Alan believes that the slow growth in the economy and fall in housing activity caused by the expiration of the tax credit could very well cause the economy to go into recession even before it recovers. Also many economists expect the prices to fall slightly in the coming months. For the full story, go to The Boston Globe.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
