Moody's/Economy.com is forecasting the housing market will hit bottom by the end of this year and house prices will remain flat in 2010.

"By the end of this unprecedented downturn, house prices will have declined by double digits peak to trough in nearly 62% of the nation's metro areas. In about 10% of metro areas, price declines will exceed 30%," according to the Moody's latest forecast.

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