Home Buyers Holding Out For Better Deals

Four years after leaving the Federal Reserve, Alan Greenspan is still making headlines – and still making statements that are difficult to interpret. Today he told the Council on Foreign Relations in New York that the government’s deficit spending is not helping the economy as much as he expected. He thinks taxes should go up to help close the deficit, but we would be “far better off” if normal market forces were allowed to operate. We’ll leave it to those more experienced at parsing his comments to sort through the apparently contradictory thoughts. As always, of course, Greenspan left himself an escape clause. If housing prices drop further, “all bets are off,” he said, and housing prices seem set to do exactly… . . . → Full Story: Home Buyers Holding Out For Better Deals