Tuesday, February 23, 2010

More on the rise and fall of house prices

Here we go again, Bloomberg and CNNMoney still can't agree whether home prices are rising or falling.

Bloomberg's article is titled "Home Prices in 20 U.S. Cities Rose for Seventh Month" and leads
Home prices in 20 U.S. cities rose in December for a seventh consecutive month, indicating the industry at the heart of the worst recession since the 1930s is stabilizing.
CNNMoney's article is titled "Home prices fall another 2.5%" and leads
Home prices fell just 2.5% during the last three month of 2009 compared with the fourth quarter of 2008, according to a closely watched gauge of home price movement. That was a big improvement over the past three years.
The different takes on the same housing price report are consistent with what each group reported in December, with Bloomberg emphasizing the positive and CNNMoney emphasizing the negative.