About 100 of the nation’s 381 metro areas have experienced house-price declines of 20 percent or more since the market’s peak, with some markets experiencing declines of 50 percent or more, according to data presented today by Moody’s Economy.com.

Moody’s Economy.com economists and analysts believe that the drastic declines may conclude this year, though, according to a Reuters report.

About 100 of the nation’s 381 metro areas have experienced house-price declines of 20 percent or more since the market’s peak, with some markets experiencing declines of 50 percent or more, according to data presented today by Moody’s Economy.com.

Moody’s Economy.com economists and analysts believe that the national declines may conclude this year, though, according to a Reuters report.

The report states that prices may hit bottom in the fourth quarter, with sales hitting that bottom sooner. But Reuters notes that the Moody’s outlook "assumes stronger action by U.S. policymakers" and even then a recession "will keep the housing market from fully recovering until the end of this year."

Stockton, Calif., is expected to experience a total peak-to-trough price drop of 67.1 percent, with prices reaching bottom in the fourth quarter, according to the report. The report also forecasts that Punta Gorda, Fla., will experience a total drop of 65.4 percent, hitting bottom in second-quarter 2010.

***

What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×