CNNMoney
It’s Alan Greenspan’s top concern right now. The former chairman of the Federal Reserve says real estate in the U.S. is stagnating.
Sure, some cities are seeing buildings (and prices) rising, but construction of both homes and commercial properties overall isn’t back to where it was before the Great Recession.
“We haven’t come out of the bottom,” Greenspan told CNNMoney’s Cristina Alesci. “We are in the position now of secular stagnation.”
Secular stagnation has become a buzz word for little to no growth.
