Mark Zandi: Home Prices to Stabilize This Year

Moody's has issued a new report.


The Moody's team, headlined by Chief Economist Mark Zandi, has issued a new report titled, Housing in Crisis: When Will Metro Markets Recover? Here's a look at their key findings:

1. House prices will stabilize by the end of this year.

2. The national Case-Shiller house price index will decline by another 11% from the fourth quarter of last year for a total peak-to-trough decline of 36%.

3. By the end of this unprecedented downturn, house prices will have declined by double digits peak to trough in nearly 62% of the nation’s 381 metro areas. In about 10% of metro areas, price declines will exceed 30%.

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