Chairman of the Federal Reserve, Alan Greenspan, said that experts could not confirm the existence or formation of a housing bubble.
"Federal Reserve policy makers cannot accurately tell whether home values are overheating, the chairman of the Federal Reserve, Alan Greenspan, said in a written response released yesterday to a lawmaker's questions about the potential formation of a housing bubble."
Thanks to Abhijeet Chavan
FULL STORY: Home Price Rises Hard to Track, Fed Chief Says
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