Moody’s: Housing Won’t Return to Pre-Bust Levels Until 2020, “Florida and California Will Only Regain Their Pre-Bust Peak In the Early 2030s”

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):