NEW YORK -- A bottom has been hit in the decline of U.S. home sales, said former Federal Reserve Chairman Alan Greenspan on Wednesday.
Greenspan was speaking at a trading technology conference in New York. He also said that the U.S. housing sector was experiencing an "inventory recession."
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Editor's note:
Alan Greenspan Warns of Housing Bust, Worse....
Yale`s Shiller: Housing Prices Could Fall By 40%
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