Moody's bearish on US housing recovery

[BoyRacer]

Moody’s bearish on housing recovery → marketwatch.com/story/home-p … 2009-09-18

BOSTON (MarketWatch) – Moody’s Investors Service threw cold water on optimistic projections of a V-shaped recovery in the battered U.S. housing market, predicting it could take more than 10 years to get back to boom-level prices.

“For many reasons, the rebound will be disproportionately small compared to the decline,” Moody’s said this week in its latest outlook on the residential market. “It will take more than a decade to completely recover from the 40% peak-to-trough decline in national home prices.”

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[IDONTKNOW]

Doesn’t erasing a 40% decline in 10 years imply a pretty healthy yearly appreciation, circa 6-7%

[case_study]

Around 5.25% methinks.

Don’t ask me why just calculated that…