Moody's (MCO) tamps down expectations for a rapid housing recovery, saying it could take 10...

|About: Moody's Corporation (MCO)|By:, SA News Editor

Moody's (MCO) tamps down expectations for a rapid housing recovery, saying it could take 10 years to recover from a 40% peak-to-trough decline in home prices - and states like Florida and California "will only regain their pre-bust peak in the early 2030s, well after the nation does."