The big talk in the financial world is that home prices are beginning to rise. This is based on the S&P/Case-Shiller Home Price Survey, and has implications not only for economic recovery, but also for the inflation/deflation debate that will guide a lot investment.
So, I was pretty damn surprised when I saw an article run by the ST saying that home prices were down in July. The S&P/Shiller follows the 20 largest markets, and surely we are in that. Turns out that the Startlegram was being a little creative with their headline. Home prices are down in July from a year ago, but they are up in July over June.
I think the article title was a little negative. At least the market is starting to correct. Maybe “Home Prices Correcting” would have been a better title for them.
September 30th, 2009 at
That’s what I get for only cruising headlines. I didn’t read that article. Glad you pointed out the inconsistency. I feel better now.