
If you put any stock in what Alan Greenspan says, now is the time to buy a home.
With mortgage rates still reasonably low, you could get a good deal on a mortgage interest rate. And, besides, Alan Greenspan is predicting that home prices are likely to recover by the end of the year. That means that — if you put stock in Greenspan’s opinion — home prices aren’t likely to get much lower.
So even though the US dollar is struggling since the release of Fed minutes showing recession worries, any slowdown that is acknowledged is expected to turnaround by the end of the year or early 2009.
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