Alan Greenspan (former chairman of the Federal Reserve), has made his prediction: real estate recovery should begin in early 2009
. Greenspan cited as one of his reasons for the prediction, that United States homes prices have begun slowing in their decline in value. And that this is the first step toward making progress for investors to start considering taking risk. Greenspan went on to say that he believed that during the first 6 months of 2009, that he believed home prices would stabilize, and that once the real estate market stabilizes, that it will lead to a more stable economy and market.