Will Alan Greenspan Support the Real Estate Market? (ETF: IYR)

| About: iShares U.S. (IYR)

There was quite a stir caused by the French (surprise!) Finance Minister yesterday, writes David Fry, founder and publisher of The ETF Digest, when he purportedly leaked a private conversation he had with Greenspan here. Also Greenspan tried to cool some of his previous anti-real estate rhetoric by suggesting that homeowners had built-up such huge equity in their homes that they could withstand a real estate price downturn. Here's the chart for the iShares REIT Index Fund ETF, IYR:

IYR chart

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