USA real estate market wil soon overcome crisis
Ex-chairman of board of governors of Federal Reserve System of the USA (FRS) Alan Greenspen believes, that the American real estate market will leave crisis in the first half of 2009.
in clause for newspaper Emerging Markets Greenspen has told that the recent delay of recession rates of the prices for real estate in the USA has come to the end and more obvious attributes of the future stabilization of the prices will become obvious in the first half-year 2009.
According to ex-chairman, the frozen credit market will become alive as soon as the investors will start to do their first steps towards to new meetings with risks.
Greenspen has positively noted actions of the governments of some countries of the world on buying up of “toxic” actives and return of capitalization to banks.
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