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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Elroy Jetson9/29/2007 1:57:03 PM
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The decline in housing prices in the U.S. is not yet over former Fed chairman Alan Greenspan said Saturday.

There is a large access of unsold inventory, Greenspan said, because building has continued despite decreased home sales.

"We have never experienced anything remotely close to this," Greenspan said about the downturn in the U.S. housing market.

fxstreet.com

What a jackass.
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