Greenspan: End of home boom inevitable

U.S. home prices could fall as the housing boom “inevitably” slows, Federal Reserve Chairman Alan Greenspan said on Saturday as he cast doubt on central banks’ ability to sway such asset values.
(…) In unusually explicit terms, the central bank chief gave his reading of challenges he sees facing his still-unknown successor and laid out his own views on issues such as inflation targeting, fiscal policy and economic imbalances. “The housing boom will inevitably simmer down,” Greenspan said in the prepared remarks. “As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.”

CNN