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New forecast shows home prices won't rebound until 2030
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Monday, September 21, 2009
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From 24/7 Wall Street:

Moody's (MCO) forecasts that some home prices may not return to their pre-recession levels until 2030. This means that hundreds of thousands of Americans may find it impossible to sell their houses without making payments to their banks to cover underwater home loans.

MarketWatch reports that a new Moody’ housing forecasts says that "It will take more than a decade to completely recover from the 40% peak-to-trough decline in national home prices."

Read full article...

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Topics: Housing | Real Estate
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