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House prices to drop much lower
Friday, September 21, 2007 news.yahoo.com
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Federal Reserve chief Alan Greenspan was quoted as saying - A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession. Greenspan said in an interview with Austrian magazine Format that low interest rates in the past 15 years were to blame for the house price bubble, but that central banks were powerless when they trie
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