Greenspan Speaks -- The Worst is Over

From the Boston Herald, November 29, 2006, by Associated Press:

Alan Greenspan, former fed chairman, has stated that the worst of the housing market adjustment has happened. He thinks that prices and inventory have stabilized. Greenspan will be releasing his full analysis soon. (click title post for full text)
Here in Topanga, we have seen an increase in inventory to a size we hadn't seen for about four years. Recently, though, more homes have gone into escrow and general buyer activity has picked up. Homes that are reasonably priced for today's market are moving. We still have the typical holiday slowdow, but it the market feels so much more NORMAL. I love doing business in a market where buyers feel they have more choice and the time to seriously weigh their decisions. To search the Topanga market for yourself, visit TopangaHomeInfo.