Former Federal Reserve Chairman Alan Greenspan said over the weekend that a decline in home prices could derail an already slowing economic recovery and send the US into a double-dip recession. Greenspan’s comments follow his successor Ben Bernanke’s remarks last week before Congress that the economy remains “unusually uncertain,” and that the Fed was readying itself to take new measures if the economy deteriorated further.
Greenspan warns home price decline could lead to second recession
Most Popular Articles
Latest Articles
-
Former Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter
-
Financial planner: Reverse mortgages can help retirees with high property taxes
-
MBA issues support for real estate finance bills debated by Congress
-
Supreme Court denies HomeServices’ petition in commission suit
-
Home prices kept climbing at a brisk pace in March: First American