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California: The Real Estate Recovery of ... 2030

When will collapsed U.S. real estate prices regain their prior peaks? Moody's has out a bleakly amusing new figure showing that California (and Arizona and Florida) is looking at the early 2030s. Of course, given Moody's well-documented issues, ahem, on the way into the real estate bubble, maybe we shouldn't have over-much confidence on the collapsing/expanding real estate market's supposed trajectory from here.

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