"FORMER US Federal Reserve chairman Alan Greenspan believes the US housing market decline may be bottoming and he can see financial markets continuing to improve.
Greenspan, 83, who left the Fed in January 2006 after almost two decades at the helm, has returned to his former role as a private economic forecaster.
"We are finally beginning to see the seeds of a bottoming" in the housing industry, Greenspan said this week at a conference of the National Association of Realtors in Washington.
He said the US was at the edge of a major liquidation in the stock of unsold properties, which may help to stabilise prices".
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