Greenspan: Economy to Improve Despite Housing Slump

Former Federal Reserve Chairman Alan Greenspan said today that home sales and prices may continue to slide for some time, but the broader U.S. economy appears poised for a rebound. Greenspan said he could not predict when home sales will start rising again, or when home prices will stabilize. But he said of prices, "it's hard for me to believe that they can stabilize at the level they are now because we had too much of a speculative surge. We have to lose some of that."