Greenspan: Boom Is Over

The housing boom is over but the exit from it will be a matter of regional price declines rather than the bursting of a national bubble, former Federal Reserve Board chairman Alan Greenspan said at a dinner celebrating the 30th anniversary of the Bond Market Association, according to Yahoo! News reports.The association at the dinner also established an Alan Greenspan award that association president Micah Green said, "will embody the foresight, dedication and leadership that were the hallmarks of chairman Greenspan's tenure at the Fed." The association can be found on the Web at http://www.bondmarkets.com.

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