Alan Greenspan Looking Toward Home Prices Recovery

Alan Greenspan is saying that by the end of the year home prices will be well on their way to recovery. However, it doesn’t mean that things are going to stabilize immediately. Bloomberg reports on home prices and the economy:

“Once the markets start to stabilize, especially if the real economies don’t go into a severe recession,” then “we can expect a recovery to begin to take place,” Greenspan, 82, said via satellite from Washington. “It will be slow, it will be hesitant.”

image credit: U.S. government