In an article by reuters there is positive news on the housing market that is a welcome sigh of relief.
Former Federal Reserve chairman Alan Greenspan said the U.S. housing market will begin to recover in the first half of 2009, according to an article he wrote for Emerging Markets magazine published Friday.
Greenspan wrote that the recent slowing in the rate of decline in U.S. home prices is the first positive note in the year-long trauma and that eventually, frozen credit markets will thaw "as frightened investors take tentative steps towards reengagement with risk."
Personally speaking, I just want to survive this week in the stock market.
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