House prices in much of the U.S. will bottom out in this year’s fourth quarter, Moody’s says in a new report.In some of the hardest hit markets, however, prices won’t reach a bottom until 2010 or 2011, the research firm says in a report written by its chief economist, Mark Zandi, … while the most desirable areas near good schools and jobs are faring much better than other places.
By James R. Hagerty, Feb 6, 2009, WSJ

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