Xinhua - English: "Greenspan says US housing market will eventually cool down
www.chinaview.cn 2005-08-28 06:04:47
WASHINGTON, Aug. 27 (Xinhuanet) -- US Federal Reserve (Fed) Chairman Alan Greenspan said on Saturday that the red-hot housing market will eventually cool down, making some Americans feel less wealthy.
Speaking at the end of a two-day economic conference in JacksonHole, Wyoming, he said that the US housing boom 'will inevitably simmer down.' 'As part of that process, house turnover will decline from currently historic levels, while home price increaseswill slow and prices could even decrease,' he said.
As a consequence, people taking cash out of the"
No comments:
Post a Comment