Chitownproperty

Federal Reserve chairmman Alan Greenspan predicted that home prices could fall as the housing boom slows. “The housing boom will inevitably simmer down,” Greenspan said. “As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.” Sage advice from the nation’s financial wizard, but the New York Times’ Paul Krugman says that when the real estate bubble bursts, it will be partly Greenspan’s fault.