Home prices dropped 2.6 percent in year ending in March

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  • UtahBlueDevil Durham, NC
    May 30, 2012 7:50 a.m.

    A point I should add here..... is I guess it is all about spin, and how you want to spin the news. Yes, year over year, prices were down through March. The other side to that is we were down less year over year than we were the previous quarter. Second piece of significant news is that some of the cities that rebounded were some of the hardest hit, giving some relief, be it very small.

    Bottom line on this though is if I didn't have to sell a house now, I wouldn't. While we may be bouncing along the bottom, we still have not seen the real up tick in sales needed for sustainable growth. This summer's selling season will tell much.

    It still is interesting to see the spin the DN decided to take in comparison to most publications... there is absolutely a bent on not publishing promising news.

  • UtahBlueDevil Durham, NC
    May 30, 2012 5:55 a.m.

    How does this square off with the AP release by CHRISTOPHER S. RUGABER - AP ECONOMICS WRITER that home prices according to the Standard & Poor's/Case-Shiller home price index rose in most cities. Does it not seem odd that while most other publications are publishing that piece, the DN is publishing data the counters that claim?

    Anyway, just wondering about the choice here.