“The critical question is the price level of homes in the United States, which are almost certainly going to fall,” Greenspan said at the World Business Forum in New York.
Um, news flash to Alan:
Point 1: No shit the price level [and inventory and sales rate] of homes is critical.
Point 2: The rate of appreciation in home prices peaked over three years ago and prices have been falling for more than 1-2 years.
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