Greenspan has made some comments during his speech in Wyomong regarding the recent housing boom and said that prices may fall. Greenspan suggests that economy growth would slow down, urging investors that asset prices may also drop. So what will be the result of the housing slow-down?

Consumers are likely to take out less home equity loans, which may in turn increase the saving rate. This speech was most likely Greenspan’s final speech as he plans on retiring soon.

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