Where's the fat lady and why isn't she singing?

In assuming certain measures that the Obama administration will enact, Moody's Economy.com came up with some siginificant key findings in their current house price forecast, the most eye-catching of which is that house prices will stabilize by the end of the year.

But not before sliding another 11%, according to the Case-Shiller indices which Moody's sites in their study. That gives us a peak-to-trough swing of about 36% in home prices, so when they do stabilize, we'll see housing prices similar to the ones we saw at the dawn of the new millennium.

Moody's findings go on to state that by the end of the downturn, almost 62% of the country's metro areas will have experienced double-digit declines in home prices, and in almost 10% of those metro areas, prices will have fallen over 30%.

Do not ask for whom the fat lady sings...