Moody’s has just released a stunning report saying forecasting an overall expected return to a "peak" level by 2020, and stating (courtesy of Zero Hedge:):
Hard-hit states such as Florida and California will only regain their pre-bust peak in the early 2030s, well after the nation does. New York will also be a laggard, although its overall decline in prices will be less severe.
Here's the chart (click here to see full chart):
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